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Monday, May 6, 2024

World Bank cuts Thai growth outlook

Deputy finance minister says stock market slump does not reflect on broader economy

A view of high-rise buildings by the Chao Phraya River in Bangkok, on Thursday. (Photo: Apichart Jinakul)

Thailand’s economic growth is expected at 2.5% this year before accelerating to 3.2% in 2024, supported by a recovery in tourism, exports and sustained private consumption, the World Bank said on Thursday.

The growth outlook for 2023…

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