Thailand’s finance ministry on Wednesday lowered its 2015 economic growth forecast for a second time this year, just hours ahead of the announcement of the interest rate decision by the central bank.
The ministry cut its growth forecast for this year to 3.7 percent from 3.9 percent predicted earlier. The export growth outlook was also lowered.
In 2014, the economy grew 0.7 percent, which was the slowest pace in three years, amid subdued spending and declining investment.
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