Bangkok Post – Central bank set to cut growth outlook

The Bank of Thailand (BoT) is likely to slash the country’s gross domestic product (GDP) outlook for 2024 after growth in the fourth quarter of last year was weaker than expected.

As a result, the central bank may cut the GDP growth forecast for both 2023 and 2024, said Sakkapop Panyanukul, senior director for financial markets at the bank.

According to its latest base-case assessment in November last year, the BoT forecasts GDP growth in 2024 of 3.2% without the digital wallet scheme.

If the stimulus package is implemented, the country’s economic growth would increase to 3.8% this…