Photo Release: KResearch projects 2020 GDP growth of 2.7%

Stocks and Financial Services Press Releases Monday December 9, 2019 16:22
Bangkok--9 Dec--kasikornbank

Recently, at Phahon Yothin Building, Dr. Charl Kengchon, KResearch Managing Director, led his team to deliver a panel discussion on "Business Outlook amid Numerous Challenges in 2020" has revised downward its 2019 GDP forecast from 2.8 to 2.5 percent, and projected that the Thai economy may grow 2.7 percent in 2020. Meanwhile, exports may continue to shrink due to deceleration in Thailand's major export markets, the US-China trade war, and the Baht's relentless rise, especially amid expectations of more Fed rate cuts next year, which will put greater pressure on the US Dollar.


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