The Year of the Dragon brings with it the expectation that the direction of the global economy will be better than that of 2023. Despite earlier concerns about a sharp global economic downturn, recent developments suggest a soft landing for 2024.
The World Bank recently reported that global economic growth will be 2.4% this year, slightly below the growth of 2.6% in 2023.
- The global economy is expected to experience a soft landing in 2024, with slightly lower growth and inflation rates compared to the previous year.
- Thailand’s economic expansion in 2024 is driven by factors such as increased tourism income, rising exports, and higher foreign direct investments, but faces risks from inflation and the digital wallet project.
- Despite favorable opportunities in industries like green businesses and retail, the Thai economy will need to navigate through geopolitical tensions, potential…
