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World Bank cuts Thailand’s 2021 GDP growth outlook to 1 pct

BANGKOK, Sept. 29 (Xinhua) — The World Bank has lowered Thailand’s economic growth projection for 2021 to 1 percent from an earlier estimate of 2.2 percent in July.

The downgrade of the growth forecast reflected a slow pathway toward dealing with the worst COVID-19 outbreak driven by Delta variant together with a delayed reopening to international travelers, the World Bank said in its latest report on Tuesday.