Fitch cuts growth forecast to 2.8%

Fitch Solutions Macro Research, a unit of Fitch Group, has lowered its economic growth outlook for Thailand in 2019 and 2020 because of weak domestic demand, from 3% down to 2.8% in 2019 and 3.6% down to 3.5% in 2020. Source: Business

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PDMO sees debt-to-GDP ratio at 47%

The Public Debt Management Office (PDMO) estimates the country’s average ratio of public debt-to-GDP at 46.7% over the next five years assuming an average budget deficit of 500 billion baht a year. Source: Business

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