Colorful umbrellas are seen in a restaurant as tourists enjoy a beach in the island of Phuket in Thailand January 19, 2023. REUTERS/Jorge Silva/File Photo Acquire Licensing Rights
Sees 2023 growth at 2.8%, less than ministry’s 3.5% forecast
Says public spending to help growth after new government
Government to rush to consider delayed 2024 fiscal budget
BANGKOK, Sept 8 (Reuters) – Thailand’s economy is expected to grow 2.8% this year, helped by public consumption and investment after the formation of a new government, a deputy finance minister said on Friday, as exports remain weak amid slowing global demand.
Public investment and spending will also attract more private investment while private consumption and tourism are still growing well, Deputy Finance Minister Krisada Chinavicharana said.
The 2.8% growth outlook, however, will not reach the ministry’s earlier forecast of 3.5% this…
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