The Economic Intelligence Center (EIC) has revised downward Thailand’s economic forecast for this year to 0.7 per cent from 0.9 per cent after the prolonged third-wave of Covid-19 infections hit private consumption badly.

Siam Commercial Bank’s Economic Intelligence Centre (EIC) on Monday revised its forecast for Thailand’s 2018 economic growth to 4.3 per cent from the previous estimate of 4 per cent, reflecting stronger expansion in recent periods.