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Standard Chartered Bank Lowers Thailand's 2025 Growth Forecast to 2%, Expects Rate Cut in August Meeting

Standard Chartered Bank lowers Thailand's 2025 economic growth forecast to 2% from 2.4% earlier projected amid trade uncertainty, weak China tourist arrivals, sluggish domestic activity, low inflation and political noise. "We remain cautious on the trade balance, notwithstanding the recent increase in electronics-related exports while tourism recovery may have slowed as the low season is approaching with significant drop in China tourist arrivals," said Dr.Tim Leelahaphan, Executive Vice

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