Committee cuts GDP forecast to 0-1.5% amid latest outbreak
A private sector council has cut Thailand’s economic growth projection this year to 0-1.5%, mainly due to the prolonged Covid-19 outbreak.
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) decided to slash the country’s gross domestic product (GDP) forecast for this year to 0-1.5% in Wednesday’s meeting from an earlier estimate of 0.5-2%.
Somruedi Banchongduang
