The NESDC expects a growth rate of 2.7% for this year, without factoring in the implementation of the digital wallet scheme.
The Office of the National Economic and Social Development Council (NESDC) has announced that Thailand’s economy expanded by just 1.9% in 2023.
The office also suggests that the Bank of Thailand should consider reducing its policy interest rate in order to alleviate financial pressure on households and businesses.
The Office of the National Economic and Social Development Council (NESDC) has recently announced that Thailand’s economy expanded by 1.9% in 2023. While this growth is positive, it was slower than expected due to various factors .
- Thai Economic Performance in Q4 of 2023: The Thai economy expanded by 1.7% year-on-year, driven by private consumption, export of services, and private investment. However, public spending and export of goods contracted….
