Economics

Thailand Lowers GDP Outlook on Ukraine War, China Slowdown

Full-year growth estimates cut 1 percentage point to 2.5%-3.5%
Inflation forecast raised to 4.2%-5.2% amid supply disruptions

A customer buys fruits at Silom Market in Bangkok.
Photographer: Luke Duggleby/Bloomberg

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By Suttinee (Ying) Yuvejwattana and Anuchit Nguyen

May 17, 2022 at 1:36 AM UTC

Updated on

May 17, 2022 at 4:12 AM UTC

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Thailand’s main economic forecasting agency lowered its growth estimate for this year, and raised its inflation expectations, due to the impacts on the global economy from Russia’s war in Ukraine and a slowdown in China.