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Thai economic growth seen slowing due to trade war & politics

Thailand’s economic growth is expected to slow this year due to rising global trade tensions and domestic political uncertainty, Deputy Prime Minister Somkid Jatusripitak said.

The US-China trade dispute has had a big impact on Thailand’s trade-dependent economy, while the still unclear domestic situation has kept investors away, Mr Somkid told reporters. Thailand held a general election on 24 March but the next administration has yet to be formed.

Southeast Asia’s second-largest economy expanded 4.1 per cent last year, its fastest pace in six years. The Finance Ministry expects growth of 3.8 per cent this year.

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