World Bank Slashes Thailand’s 2019 GDP to 3.8% due to an Economic Slowdown
World Bank has cut Thailand's GDP from 3.9% to 3.8% due to the global economic slowdown, while expense will be greater in 2020 from EEC project.
18 ม.ค. 2562

Trade tension between the U.S. and China, volatility of Brexit, and the shutdown of US government have tormented global market throughout 2018 while negative sentiment still being carried to 2019.
As China just posted a decline in imports and exports for December, and the data has shown a global economic slowdown, World Bank has cut Thailand’s 2019 economic growth from 3.9% to 3.8%.
Read: How much did China’s imports and exports affect Thailand’s economy.
 
“Weaker global growth will likely impact the export performance of Thailand and restrain manufacturing activities in export-oriented industries,” said Kiatipong Ariyapruchya, World Bank senior economist for Thailand.
In line with trends in the global economy, a slight economic slowdown is expected in 2019. Public infrastructure spending is expected to accelerate in 2019 and pick up in 2020 as the Eastern Economic Corridor projects are being implemented.