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Soft landing expected for the upcoming dragon year
The Year of the Dragon brings with it the expectation that the direction of the global economy will be better than that of 2023. Despite earlier concerns about a sharp global economic downturn, recent developments suggest a soft landing for 2024.
The World Bank recently reported that global economic growth will be 2.4% this year, slightly below the growth of 2.6% in 2023.
- The global economy is expected to experience a soft landing in 2024, with slightly lower growth and inflation rates compared to the previous year.
- Thailand’s economic expansion in 2024 is driven by factors such as increased tourism income, rising exports, and higher foreign direct investments, but faces risks from inflation and the digital wallet project.
- Despite favorable opportunities in industries like green businesses and retail, the Thai economy will need to navigate through geopolitical tensions, potential…
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