BANGKOK, April 2 (TNA) – A Thai research center has
revised the country’s economic growth down from 4 to 3.7 percent due mainly to
declining export.
Kasikorn Research Center (KRC)’s deputy director Nattaporn Triratanasirikul
revealed at a seminar on post-election economic trends that the new government
expected in June would likely experience economic slowdown.
As a result of sluggish global outlook, Thailand’s export
growth would shrink below the 4.5 percent forecast this year, she said.
Given the circumstance, the next government was expected to
introduce urgent economic stimulants such as subsidies for 15.6 million
farmers, 14.5 million low-income earners and tax breaks.
The KRC deputy director warned that if there was a
significant delay in government formation and further slide in exports,
Thailand’s economic growth could be affected.
Meanwhile, Chairman of the Thai National Shippers’ Council
(TNSC) Ghanyapad Tantipipatpong predicted lower 2019 economic growth.
With protectionism, global slowdown and currency exchange
fluctuation, the TNSC might revise its export growth forecast to 3 percent or
the country could see contraction in merchandise exports.(TNA)
