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A 4.4% GDP growth forecast for the coming year has been maintained by the Bank of Thailand, factoring in the government’s proposed economic stimulus measures. Assistant Governor Piti Disyatat confirmed this projection following the Monetary Policy Committee’s vote on September 27 to hike the benchmark interest rate by a quarter-point, making it a decade-high 2.5%.
The committee, however, reduced its 2023 growth forecast from 3.6% to 2.8%, while simultaneously raising the outlook for the coming year from 3.8% to 4.4%. The digital wallet policy, which is part of the government’s planned 560-billion-baht stimulus plan, and the expansion of domestic commerce and investment schemes, are anticipated to spur a 5% economic expansion next year, according to Prime Minister Srettha Thavisin and Deputy Finance Minister Julapun…
