Business briefs: Thailand cuts 2020 growth forecast.

Thailand's Finance Ministry yesterday cut its 2020 economic growth forecast to 2.8 percent from the 3.3 percent projected three months ago, citing weaker exports, a delayed budget and the spread of a new virus from China.

The ministry slashed its estimate for 2020 exports, a key growth driver, to a rise of just 1 percent from an earlier 2.6 percent increase, said Mr Lavaron Sangsnit, the head of the Finance Ministry's fiscal policy office.

"Despite the downgrades, the economy is still growing," he added...