22470
Thailand Downgrades Growth Forecast
World Economy

Thailand Downgrades Growth Forecast

The Bank of Thailand has downgraded its forecast for economic growth due to shrinking exports and a sluggish economy, a report said Saturday, DPA reported. The central bank revised its GDP growth forecast for 2015 to slightly under 3%, down from the nearly 4% it had predicted at the start of the year. The bank cited a recent economic slowdown in China and sluggish export numbers. The downgrade will come as a blow to Thailand’s military junta, which cited a stagnating economy as one of the reasons it took power. Prime Minister Prayuth Chan-ocha has said he would reshuffle his cabinet in September in response to growing criticism over the economic slowdown.

 

Short URL : http://goo.gl/XaYy9q

You can also read ...

Capital Economics forecasts Turkey’s GDP growth will fall to 3.5% in 2018 from 7.4% in 2017.
Expectations for Turkey's end-2018 inflation rate rose from 12...
Trump Tactics Sabotaging US Economy, Markets
Wall Street could be making a costly mistake. According to...
File photo of finance ministers and central bankers from the G20 nations.
Global economic growth is poised to pick up this year, though...
Apple Watch Smells Losses
The latest round of US tariffs on $200 billion of Chinese...
Italian Bonds, Stocks Fall
Italian bond yields rose and equities sold off on Friday after...
Technology Can Help Workers From the Informality Trap
Technology and what it will do to change how people work is...
Moody’s Warns Philippines of Downside Risk
Debt watcher Moody’s Investors Service on Friday said the...
A weaker yuan remains a source of risk for global currency markets.
The Chinese yuan slid to its lowest in more than a year on...

Trending

Googleplus