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Thursday, May 16, 2024

Bangkok Post – GDP growth projection downgraded to 2.8%

Customers and delivery workers order food from pavement vendors on Banthat Thong Road, Bangkok, on Jan 19, 2024. (Photo: Nutthawat Wichieanbut)

The Thai economy is expected to grow 2.8% this year, a sharp downgrade from a previous projection of 3.2%, the Ministry of Finance said in a statement on Tuesday.

The country’s gross domestic product (GDP) growth last year is seen at 1.8%, down from 2.7% seen earlier.

Foreign tourist arrivals in 2024 are forecast at 33.5…

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