It now sees gross domestic product expanding 3.5% in 2022, trimmed from 4% predicted in January, according to Pornchai Thiraveja, director general of the ministry’s fiscal policy office. It also raised the headline inflation forecast for the year to 5% from 1.
9% seen previously.Thai Finance Ministry Cuts Growth Outlook on War, Inflation
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Thailand’s finance ministry expects economic growth this year to be slower than previously estimated as the nation faces the impact of accelerating inflation and Russia’s war in Ukraine