PUBLISHED : 3 Jan 2024 at 05:22
The University of the Thai Chamber of Commerce (UTCC) has trimmed its economic growth estimate for 2023 to 2.5%, down from the earlier forecast of 3% it made in October last year, while projecting growth of 3.2% this year.
Thanavath Phonvichai, president of the UTCC, attributed the downgrade to the lower than expected rate of GDP growth in the…