BANGKOK, Oct 25 (TNA) – The International Monetary Fund
(IMF) has revised down economic growth forecast for Thailand this year to 2.9
percent.
Jonathan D. Ostry, deputy director of the IMF’s Asia-Pacific
department, said Thailand’s slow economic growth rate reflected external and
domestic factors, particularly the US-China trade war and the global slowdown.
The IMF previously in April predicted Thailand’s economy to
grow 3.5 percent this year.
The Fund recommended Thailand to continue to implement
further monetary easing to cope with the current situation, considering the
current monetary stance to be sufficiently accommodative for growth.
In August this year, the Bank of Thailand cut it policy
interest rate for the first time since April 2015. (TNA)
