BOT cuts growth forecast to 2.7%
The Bank of Thailand has revised downward the 2015 economic growth forecast to 2.7 per cent from 3 per cent.
The 2016 forecast was also cut to 3.7 per cent from 4.1 per cent.
In the quarterly Monetary Policy Report released today, it cited several downside risks including a sharper slowdown in the Chinese Asian economies; and a greater-than-expected decline in the number of tourists in the aftermath of the bombings in Bangkok.
