Thailand is projected to post slow economic growth in the near future compared with pre-pandemic rates. Several public and private agencies have GDP forecasts for 2024 ranging from 3-3.4%, excluding implementation of the government’s digital wallet scheme.
Crucial factors to consider this year are: slower growth in exports, subdued Chinese demand for consumption and tourism, interest rate volatility, high household debt, impacts from the El Niño phenomenon, geopolitical risks, a shortage of skilled workers and ageing demographics.
The Business section of the Bangkok Post interviewed a group of executives on the biggest challenges and risks for this year.
What are their concerns? What is the business outlook for this year? And how will they navigate an uncertain business climate?
YOL: RISKS BOUNTIFUL
Yol Phokasub, chief executive of Central Retail…
