Thai economy has barely grown this year
Central bank cuts 2014 economic growth projection to 0.8% from 1.5%; reduces 2015 forecast to 4% from 4.8%
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Bangkok
THAILAND'S central bank said that the country's economy will barely grow this year and expand less in 2015 than earlier forecast, thanks mainly to how its growth engine of exports is still sputtering.
The Bank of Thailand (BOT) on Friday cut its 2014 economic growth projection to 0.8 per cent from 1.5 per cent. The 2015 forecast was reduced to 4 per cent from 4.8 per cent.
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