Thai finance ministry cuts 2019 GDP growth forecast to 3%
BANGKOK, Aug 20 (Reuters) - Thailand's finance ministry cut
its 2019 economic growth forecast to 3.0% from the 3.8% it
projected in April, due to falling exports. .
The ministry also said it changed its 2019 estimate for
exports, a key driver of growth, to a fall of 0.9% instead of a
However, the economy will be helped by a $10 billion
stimulus package approved by the cabinet on Tuesday, it said.
The outlook downgrade came a day after Thailand reported
second-quarter growth of 2.3%, the weakest annual pace in nearly
Southeast Asia's second-largest economy expanded 4.1% last
year, the best in six years.
(Reporting by Kitiphong Thaichareon; Writing by Orathai
Sriring; Editing by Richard Borsuk)
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