An adjustment to the anticipated GDP growth for 2023 and 2024 has been made by the National Economic and Social Development Council (NESDC), dropping to 1.9% and 2.7% respectively. The secretary-general of NESDC, Danucha Pichayanan, has called upon the Bank of Thailand to utilise financial measures to support the economy.
The NESDC unveiled the figures for the economic growth in 2023, along with its prediction for 2024’s growth, both of which were lower than the previously anticipated 2.5% and 2.7-3.7% (averaging 3.2%) respectively. Danucha Pichayanan proposed that the central bank should contemplate measures to decrease interest rates, especially the net interest margin (NIM), which currently stands high at approximately 5%, to aid in the economy’s recovery.
Danucha mentioned, “In the recent past, the government undertook many stimulus measures to…
