The Finance Ministry on Wednesday reduced its 2022 economic growth forecast to 3.5% from a previous forecast of 4.0%, due to the impact of the Russia-Ukraine war on global growth and inflation, a ministry official said.
Southeast Asia’s second-largest economy, however, will still be supported by higher domestic spending and a recovery in tourism, as well as exports, Pornchai Theeravet, head of the Fiscal Policy Office, told a news conference.
“The economy is still growing, accelerating from last year’s 1.6% growth, but there…
