Shoppers examine goods on display at a supermarket in Bangkok. (File photo)
The Finance Ministry on Monday downgraded its economic growth forecast to 2.4% for this year, down from its previous projection of 2.8% in January.
Pornchai Thiraveja, director-general of the Fiscal Policy Office (FPO) under the Finance Ministry, said the Thai economy is now facing four key challenges, including lower-than-expected exports, especially in industrial goods.
Additionally, manufacturing has also contracted, as evidenced by the Manufacturing Production Index, particularly in categories such as automobiles and electronic…
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