Thailand downgrades growth forecast for 2023

BANGKOK, Thailand: This week, Thailand's Deputy Finance Minister Krisada Chinavicharana said after a weaker-than-expected third quarter, the country will downgrade previous 2023 economic growth forecast of 2.7 percent.

Due to declining exports and government spending, Southeast Asia's second-largest economy expanded much slower than expected at 1.5 percent in the July-September quarter from a year earlier, the