Thai business group keeps GDP forecast but upgrades export outlook
Thailand’s economy is still expected to contract by 7%-9% this year although exports could shrink less than previously projected as the coronavirus pandemic remains a risk, a group of the country’s top business associations said on Wednesday.
The group now predicts exports will drop 8%-10%, rather than fall 10%-12% as seen earlier, after recent improved shipments, according to a joint standing committee on commerce, industry and banking.
