Thai business group forecasts 2020 GDP to shrink 9%, as baht adds to worries

Kalin Sarasin, chairman of the Thai Chamber of Commerce(centre) and Supant Mongkolsuthree, president of the Federation of Thai Industry(right).

BANGKOK, Aug 6 (The Nation/ANN) - Thai businesses project a sharp drop in exports of 12 per cent this year and have revised downward their GDP forecast to a 9 per cent contraction.

Private sector cuts GDP forecast to -9% as baht adds to business worries