World Bank puts Thailand’s 2019 GDP growth at 3.8 percent 

 

 

The World Bank has cut Thailand’s growth rate projection this year to 3.8% from 3.9% compared to last year’s 4.1% GDP due to export growth slowing to 5.7% from last year’s 5.9%.

 

Citing the East Asia and Pacific Update report, the World Bank’s senior economist for Thailand, Mr. Kiatpong Ariyapratya, said that the Word Bank also projects that Thailand’s growth rate for next year would remain at 3.8%.

 

He explained that Thailand’s export growth projection for this year was adjusted down because of a global economic slowdown as a result of the simmering trade war between the United States and China, adding that growth in tourist arrivals to Thailand this year is also projected to drop slightly.

 

Full story: https://www.thaipbsworld.com/world-bank-puts-thailands-2019-gdp-growth-at-3-8-percent/

 

-- © Copyright Thai PBS 2019-04-25

Did the World Bank suggest Thailand to sell it's currency at a more realistic rate,  say like 1 US$ gives at least 35 THB ?

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