Thai Finance Ministry Cuts Growth Outlook on War, Inflation

  • 📰 economics
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 68%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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

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.
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 71. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines