Private sector sees no export growth this yearContainers of export goods stacked at Laem Chabang port in Chon Buri province. (File photo)The Joint Standing Committee on Commerce, Industry and Banking has lowered its forecasts for both economic and export growth this year, and called for monetary and fiscal measures to protect the economy. The JJSCCIB revised its 2019 economic growth projection from 2.9-3.3% to 2.7-3.0% and export growth forecast from -1.0-1.0% to -2.0-0.0%, in a statement released on Wednesday. Apart from spending acceleration for the 2020 fiscal budget, the private sector hoped the government would introduce monetary and fiscal measures to protect the economy. It said the scheme should cause 20-30 billion baht to circulate through the economy and boost economic growth by 0.1-0.2%.

Source: Bangkok Post October 02, 2019 07:24 UTC