Bangkok, May 5 -- The Thai Ministry of Finance has cut its forecast for the country's economic growth this year to 2.1% from 3%, saying that the impact of US tariffs and a global slowdown would weigh on Southeast Asia's second-largest economy. Pornchai Thiraveja, director-general of the ministry's Fiscal Policy Office, told a recent press conference that exports, a key driver of Thai growth, are seen as rising 2.3% this year, down from an earlier forecast of 4.4%. The ministry lowered its forecast for foreign tourist arrivals, another key driver of growth, to 36.5 million this year from a previous estimate of 38.5 million. The lower figure would still represent modest 2.7% growth from 2024. Despite all the uncertainty about the US trade p...
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