Falling energy prices behind new outlook
The Commerce Ministry has downgraded its headline inflation outlook for this year from a range of 2-3% to 1.7-2.7%, in line with economic conditions and falling energy prices.
Wichanun Niwatjinda, deputy director-general of the Trade Policy and Strategy Office (TPSO), said the new forecast also assumes the Thai economy will grow at a rate of 2.7-3.7% this year, down from 3-4%.
Crude oil prices are projected at US$75-85 per barrel, down from $85-95 per barrel, and the exchange rate is expected to be between…
