NESDC lowers 2020 economic growth estimate
Thailand’s economy grew by 2.4 per cent in 2019, lower than the previous estimate of 2.6 per cent, the National Economic and Social Development Council (NESDC) said on Monday (February 17).
The NESDC said gross domestic product in the fourth quarter of 2019 expanded by 1.6 per cent year on year.
The NESDC has adjusted down its growth estimate for 2020 from 2.7-3.7 per cent to 1.5-2.5 per cent with a mean of 2 per cent.
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