Thailand lowers growth and inflation forecasts

seal-of-the-bank-of-thailand

The Bank of Thailand has lowered its forecasts for growth and inflation in its latest inflation report, published today (October 26).

Exports, in particular in manufacturing, were hit by the weakness of global demand, which the central bank expects will pass on to domestic private spending in the near future. The forecast for GDP growth remains at 5.7% for 2012, but has fallen from 5% to 4.6% for 2013.

Domestic demand – currently strong – will subside with domestic growth, the report said, and

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