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	Exports, which account for over 70 per cent of Thailand&#39;s GDP, are projected to contract 1.7 per cent, Sommai said, adding that as a result this year&#39;s economic growth rate would likely drop to below three per cent.</div>
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	Sommai said: &ldquo;Let me tell you the truth - we will not be able to expand by more than 3 per cent this year since the second half will likely be worse than the first half,&rdquo; he said at an investment seminar held by Nation Radio 102 FM Wednesday.</div>

Sommai's gloomy forecast: negative export growth, GDP at 3%

Finance Minister Sommai Phasi has painted a bleak economic outlook for the second half of 2015, citing the sputtering export sector as a major cause for concern.