Finance ministry cuts 2021 GDP outlook

The Finance Ministry on Thursday cut its 2021 economic growth forecast to 1.0% from a previously projected 1.3% expansion, the fourth such revision this year, as the country struggles to recover from the pandemic.

Thailand suffered a 6.1% economic slump last year, after the collapse of its tourism sector. The country imposed tougher restrictions in July and August this year that slowed economic activity.

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