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SCB EIC cuts the Thai 2024 GDP growth forecast to 2.7% an a anticipates the MPC to lower rates within H1 following the l…
SCB EIC revises Thai economic growth forecast for 2024 to 2.7% due to manufacturing sector challenges. Structural issues hinder recovery trajectory, impacting export competitiveness. Potential GDP growth declines to 2.7% long-term. Policy rate cuts expected by MPC to 2% in H1/2024 to support neutral monetary policy stance.