Thai Central Bank Cuts Forecast As Exports weaken

THAILAND - The Bank of Thailand (BOT) has slashed down this year's economic growth projections to 2.5-4 percent, from 3-4.5 percent, due to the weakening exports in light of the U.S. and Japanese slowdown, according to local T.V. news reports on Apr 27.

ARTICLE - Export growth forecast was cut to 3-4.5 percent this year, with a projected value of some 71 billion U.S. dollars, while imports were expected to rise by 9-11 percent to around 69 billion dollars.The export figures represent a sharp f