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Monday, April 29, 2024

Growth forecast revised down to 3.5%

FPO anticipates dip in tourism revenue

The Fiscal Policy Office revised its forecast for this year’s economic growth to 3.5%, down by 0.1%, due to a decrease of international tourism revenues and a slowdown in exports.

The Fiscal Policy Office (FPO) has revised its forecast for this year’s economic growth to 3.5%, down by 0.1%, due to a decrease in international tourism revenues and a slowdown in exports, said director-general Pornchai Thiraveja.

He said during a press conference on the Thai economic outlook for 2023 that the economy will expand by 3.5%, down from the…

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