Analysts trim growth for this year and next

Analysts are downgrading GDP growth estimates for this year and next as the export outlook turns patchy, the manufacturing slump deepens, the tourism recovery is uneven and the likelihood of interest rate cuts by the Bank of Thailand this year seems limited. Maybank IBG Research, a unit of the Malaysia-based banking group, slashed Thailand's GDP growth forecast for this year to 2.4% from 2.9%, and for 2025 to 2.8% from 3%, based on lacklustre manufacturing activity weighing on growth. "We …