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Thursday, May 2, 2024

Finance Ministry cuts 2023 growth outlook to 2.7% as exports decline

People stroll through the Thailand Mobile Expo 2023 to purchase mobile phones. The event takes place at the Queen Sirikit National Convention Centre (QSNCC), Bangkok, from Oct 26 to 29. (Photo: Somchai Poomlard)

The Ministry of Finance on Friday cut its 2023 economic growth forecast to 2.7% from 3.5% seen earlier, due to weaker exports and lower government consumption.

But the ministry sees higher growth of 3.2% in 2024, it said in a statement, adding the projection…

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