Thai economic growth slips to 5-year low, virus to hit tourism

Rate cut: A worker leans on a scaffolding at a construction site in Bangkok

BANGKOK: Thailand's economy grew at its weakest pace in five years in 2019, as exports and public investments slowed, and the impact from the coronavirus epidemic is set to pile more pressure on Southeast Asia's second-largest economy this year.

The trade-dependent economy has been buffeted by the Sino-U.S. trade war, soft domestic demand and a delayed fiscal budget and drought. Tourism was one bright spot the authorities were hoping would help offset slowdowns elsewhere.

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