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Thursday, May 2, 2024

Bangkok Post – GDP growth fell in 2023, piling rate-cut pressure

Tourists visit Wat Phra Kaew, commonly known as the Temple of the Emerald Buddha, in Phra Nakhon district, Bangkok. (Photo: Somchai Poomlard)

Thailand’s economic recovery lost momentum last year and missed official forecasts, according to a government spokesman Chai Wacharonke, potentially piling pressure on the central bank to pivot to early easing.

The Thai economy grew 1.8% last year, down from 2.6% in 2022, Mr Chai said on Tuesday, citing estimates from Finance…

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