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UTCC revises GDP forecast down to 2.5 per cent

University of the Thai Chamber of Commerce (UTCC) has revised downward its forecast of gross domestic product (GDP) growth this year to 2.5 per cent from previous forecast of 4.5 per cent, according to Thanavath Phonvichai, director of the UTCC's Economic and Business Forecasting Centre.

The country is expected to register the economic decline of 1 per cent, if the new government cannot be set up within this year.

The Nation


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