JSCCIB cuts economic growth forecast by 5 points to 3%
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THE JOINT Standing Committee on Commerce, Industry and Banking (JSCCIB) forecasts this year's economic growth at 3 per cent, down from an earlier estimate of 3.5 per cent, on lower-than-expected export value on the back of the slow global economic recover
Thai exports are projected to contract by 2 per cent this year, compared with the earlier forecast of no more than 1-per-cent growth.
The JSCCIB expressed concerns over the global economic recovery, which could be affected by Greece’s prolonged debt crisis and China’s slowing economic expansion. Such factors could also affect Thai exports in the next periods.
