The planning body lowered its government investment growth view for the year to 4.5% from the previous projection of 6.2% made on Feb 18. Private investment growth was cut to 4.5% from 4.7%, while overall investment was also lowered to 4.5% from 5.1%. The rate-setters are scheduled to review their 2019 economic growth forecast at the meeting on June 26. GDP growth is predicted at 3% for the first half before revving up to 4% in the latter half. TMB Analytics appears to have the most pessimistic outlook, trimming its 2019 economic growth forecast to 3% from 3.5% previously.

Source: Bangkok Post May 21, 2019 22:52 UTC