The Bank of Thailand (BOT) has issued a stern warning, projecting a 4% contraction in Thai exports in the second half of 2025, primarily due to the impending US tariffs. This gloomy outlook, coupled with slower tourism, has led the BOT to cut its 2026 GDP growth forecast to 1.7%, below the country's potential. Deputy Governor Piti Disyatat emphasized the severity of the situation regardless of the final tariff rate.
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