BANGKOK: Thailand's economy is expected to grow 1.7 percent this year, a pace slower than the Finance Ministry's previous official estimate of 2.0 percent made in July, a senior ministry official said on Thursday.

The country's exports and investment have not yet recovered, Permanent Secretary Rungson Sriworasat told a seminar.

The ministry is due to release its new forecast later this month.

Last week, Finance Minister Sommai Phasee said the government's recently announced measures could lift growth this year to 2 percent or higher if exports improved.

Copyright Reuters, 2014