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Saturday, May 4, 2024

Chamber cuts 2023 growth view

Mr Thanavath said private consumption was a significant driver of the country’s economy in 2023. (Photo: Apichart Jinakul)

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…

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