BANGKOK: Thailand's central bank may revise down its economic growth projections for this year and next due to economic risks from China and Asia, a deputy governor from the country's central bank said on Tuesday.
"Our estimates are not in line with those previously announced - there are more downside risks at the moment," Bank of Thailand Deputy Governor Paiboon Kittisrikangwan told reporters, citing higher risks from a regional economic slowdown and the impact of drought on farm products as the reasons for downward revisions.
The central bank forecast economic growth of 2.7 percent for this year and 3.7 percent for 2016. It is due to give new projections on Dec. 25.
Last year, the economy grew just 0.9 percent, hurt by weak exports and prolonged political unrest that led to an army coup last May. The junta has since struggled to lift growth.
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