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Thailand central bank chief says 2% growth not enough
- The central bank has forecast growth of 2.4% this year and 2.1% next year
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BANGKOK: Thailand’s central bank Governor Vitai Ratanakorn said on Thursday that a 2% rate of growth was not enough to sustain the economy.
The central bank has forecast growth of 2.4% this year and 2.1% next year.
The economy may slow early next year after the end of government stimulus measures, he said.
Thai central bank chief revises GDP growth forecast up to 2.1% for this year
A change in the methodology of Thailand’s manufacturing production index is expected to boost growth by 0.1 to 0.5 percentage points.
He reiterated that cutting rates would not help address Thailand’s structural problems.
Last week, the central bank left its key interest rate unchanged at 1.00%.
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