BANGKOK: Thailand's finance ministry has cut its economic growth forecast for this year to 2.7% from 3.5% earlier, due to lower exports and government spending, but it expects faster growth in 2024, officials said on Friday, as the new government plans stimulus measures.
Southeast Asia's second-largest economy has been hobbled by weak demand from China - its largest trading partner - and other export markets, while investor confidence in Thailand fell during its protracted period without a government following elections in May. The new government took office in August.
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