Thailand’s economy is projected to grow by 3.3% this year, despite vulnerabilities from international politics, foreign wars, and unrest in neighbouring countries. These factors pose risks to the nation’s export sector.
Tawee Piyapatana, the Senior Vice President of the Federation of Thai Industries, expressed concerns after representing the chair at a Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) meeting. The JSCCIB has maintained its GDP growth forecast for 2023 at 2.8-3.3%, excluding the impact of the digital wallet measures. Exports are expected to increase by 2-3%, with inflation predicted to be between 0.7-2%, said Tawee.
“The Thai economy is recovering but remains fragile. The tourism sector is bolstering the economy, yet the contraction in manufacturing leads to an uneven recovery. The persistent negative inflation rate…
