An aerial view of downtown Bangkok at night. The World Bank recently cut its forecast for Thai economic growth this year and next.
The government led by Prime Minister Srettha Thavisin has set an ambitious target to raise annual GDP growth to 5%.
The premier delivered his policy statement to the heads of government agencies last week who gathered to discuss the fiscal 2024 budget.
Last week the World Bank also cut its growth forecast for Thailand to 3.4% this year, down from 3.6%, and trimmed its outlook for 2024 to 3.5% from 3.7%.
Amid the challenges of delayed budget allocation, a stagnant export sector and the…
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