Thailand cuts 2014 GDP and export forecasts


Thailand's economy is now expected to grow at a slower pace of 1.4% this year, down from the 2% forecast in July - EPA Photo.

BANGKOK: Thailand's economy is expected to grow at a slower pace of around 1.4% this year, down from the 2% forecast in July, a senior official from the finance ministry said on Thursday.

The downgrade is due mainly to weaker-than-expected exports, Kritsada Jinavijarana, director-general of the Fiscal Policy Office, told a news conference.

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