Forecast cut amid global slowdown
The National Economic and Social Development Council (NESDC) has revised its forecast for this year’s economic growth to 2.5-3%, down from the previous forecast of 2.7-3.7% due to the impact of the global economic slowdown, says secretary-general Danucha Pichayanan.
He said during a press conference on Thailand’s economic performance in the second quarter of 2023 and the economic projection for 2023 that the delayed formation of the new government would affect the 2024 fiscal budget disbursement, which is expected to be delayed to April next year or could be delayed by up to six months from the existing schedule of the third…
