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Economy

Thailand GDP growth slows to 2.4%, lowest in five years

Coronavirus and budget disbursement delays uncertain factors for 2020

BANGKOK -- Thailand has recorded the slowest economic growth in five years, as a strong Thai baht and the global economic slowdown hurt exports. The kingdom's economic planning agency signified that road ahead will be even rougher.

The Office of the National Economic and Social Development Council on Monday announced that the Thai economy grew by 2.4% in 2019, the slowest pace since 2014, when long-lasting political unrest led to a coup by Prayuth Chan-ocha, who is now prime minister, and brought economic growth down to 1.0%.

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