Private sector lowers economic forecast amid Covid surge

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) on Wednesday downgraded Thailand’s economic growth projection to a range of 1.5 to 3 per cent, dragged down by lower purchasing power and employment rate.

The JSCCIB’s outlook was lower than the previous one in March of 1.5 to 3.5 per cent growth after assessing the impact of the current Covid-19 outbreak.

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