World Bank cuts Thailand growth to 2.5%
The World Bank has slashed Thailand’s economic growth this year to 2.5% from 3.5%, the lowest in the East Asia and Pacific region, in its latest regional report released on 5 October.
Thailand’s growth next year was also cut to 2% from 4% in the previous forecast in April.
The bank also trimmed the 2015 and 2016 growth forecasts for the region, citing the risk of a sharp slowdown in China and possible spillovers from expected increases in US interest rates, in its East Asia Pacific Economic Update.
