Finance ministry cuts Thai growth forecast

Finance ministry cuts Thai growth forecast

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Rapid disbursement of state budget urged to curb impact of uncertainty over US tariffs

PUBLISHED : 1 May 2025 at 19: 06

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Containers are stacked at Klong Toey Port in Bangkok. (Photo: Reuters)

The Ministry of Finance has cut its forecast for Thailand’s economic growth this year to 2.1% from 3%, saying that the impact of US tariffs and a global slowdown would weigh on Southeast Asia’s second-largest economy.

However, if the US eventually chooses to impose only a 10% tariff on Thai imports rather than the announced 36%, gross domestic product (GDP) growth could reach 2.5%, said Pornch
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