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Economy

Thai central bank lowers economic growth forecast again

Delta COVID strain will hamper private consumption and tourist inflow, BoT says

BANGKOK -- The Bank of Thailand lowered its growth forecast for Southeast Asia's second largest economy, as the spread of the delta COVID variant is seen adversely affecting private consumption and tourist inflows.

"The Thai economy was projected to expand 0.7% and 3.7% in 2021 and 2022 respectively," said the central bank's Monetary Policy Committee in its policy statement released on Wednesday.

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