Growth forecast cut to 3.2%: UTCC
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Thailand's economic growth is revised down following the poorer-than-expected performance in the first quarter.
University of Thai Chamber of Commerce's forecasting centre revealed today that the growth forecast was cut to 3.2 per cent, from the previous forecast of 4 per cent.
This year, Thailand's export should expand by only 0.4 per cent, compared to the 4.1 per cent forecast announced in November-December. Indicating dismal domestic demand, inflation is also expected to ease from 2.3 per cent to 0.5 per cent.
