Ministry raises GDP outlook to -7.7% from -8.5%
2021 GDP growth seen at 4.5%, exports to increase 6%
The Finance Ministry on Thursday upgraded its 2020 gross domestic product forecast to a 7.7% contraction, still a record, from the 8.5% decline projected earlier, helped by government measures to mitigate the impact of the coronavirus pandemic.
The ministry also increased its 2020 estimate for exports, a key driver of growth, to a fall of 7.8% from an earlier 11% drop, deputy ministry spokesman Pornchai Theeravet told a news conference.
The government has announced a 1.9-trillion-baht…