Thailand's economy is expected to grow 2.2% to 2.7% this year, down from a previous forecast of 2.8% to 3.3% due to a slow export recovery, a leading joint business group said on Wednesday. Exports, a key driver of the Thai economy,

Thailand’s biggest business lobby urged the central bank to cut interest rate and work with the government on ways to revive business and consumption activity, after slashing its own estimate for economic growth.

Chief Economic Adviser V Anantha Nageswaran on Wednesday said there was a high possibility of GDP growth touching 8 per cent in FY24 on the back of robust growth registered during the three quarters of the financial year ended March 2024.

Indonesia's economy grew by 5.11% in the first quarter from a year earlier, the highest in three quarters and faster than expected, data from the statistics bureau showed on Monday.Economists polled by Reuters had expected Indonesia to post annual growth of 5% in the January-March period.