BANGKOK,
Feb 17 (TNA) – Thailand’s economy grew 1.6 percent in the fourth quarter of
last year, the lowest in over five years, the Office of the National Economic
and Social Development Council (NESDC) said on Monday.
Tossaporn
Sirisamphan, Secretary-General of the National Economic and Social Development
Board (NESDB) said in a press conference that Thailand recorded the slowest
economic growth in the period which was previously estimated at 2.6 per cent.
The
country’s gross domestic product had been affected by the trade war and exports
that declined 4.9 percent, the NESDB Chief said.
Thailand
recorded 2.4 percent economic growth in 2019 and the NESDC adjusted down its
growth estimate for 2020 from 2.7-3.7 percent to 1.5-2.5 percent.
Other
factors causing lower growth forecast included the coronavirus epidemic,
drought and fiscal budget delays, Mr.Tossaporn added. (TNA)
