Thailand not in recession, just growing below potential: central bank governor
Reuters
Published Oct 09, 2019 11:55PM ET
Thailand not in recession, just growing below potential: central bank governor
BANGKOK (Reuters) - Thailand's economy is not experiencing recession but is growing slowly and below potential, central bank chief Veerathai Santiprabhob told reporters and analysts on Thursday, adding that the country also faced structural issues.
Last month, the central bank cut its 2019 economic growth forecast to 2.8% from 3.3%, as exports weakened amid rising global trade tension. Last year's growth was 4.1%.
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Written By: Reuters
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