The Bank of Thailand (BOT) is considering revising down its growth forecasts for the country due to weak export performance. The initial projection of 3.6% growth for this year may be adjusted to the mid-3% range.
The slowdown in economic momentum is mainly attributed to underperforming exports, which have been affected by global challenges. However, Thailand’s recovery is still supported by strong domestic consumption and a gradual revival of the tourism sector.
The BOT’s stance on interest rates will be based on the broader economic outlook rather than short-term fluctuations.
Weak Exports Pose Challenge for Thai Economic Recovery (prd.go.th)
Read the rest of Bank of Thailand may revise down its growth forecasts on Thailand Business News