TDRI Knocks This Years Economy To Grow 3.5% by Miss Kirida Phaopichit
TDRI Knocks This Years Economy To Grow 3.5% by Miss Kirida Phaopichit
TDRI Knocks This Years Economy To Grow 3.5%
June 13rd, 2023 – Miss Kirida Phaopichit, project director of TDRI Economic Intelligence Service (EIS), revealed that the Thai economy is expected to grow this year at 3.5%, driven by international tourism revenue as the main driver. While the Bank of Thailand (BOT) expects that in 2023 there will be 29 million tourists and 35.5 million in 2024, while the value of exports will decrease from last year. Although Thai exports may benefit from opening up the Chinese economy. But there is also a risk from economic slowdown in major export markets. While household consumption has continued to recover. By the way, household debt is almost 90% of GDP. may be a factor limiting consumption while the political situation is still unstable May cause the 2024 budget to be delayed.
The Thai economy in the second half of this year will grow faster than in the first half. from the recovery of tourism Exports to the Chinese market and domestic purchasing power Inflation will slow down to less than 2%, Ms. Kirida said, project director TDsomRI Economic Intelligence Service (EIS) revealed that the Thai economy is expected to grow this year at 3.5% from revenue in the international tourism sector. is the main driver While the Bank of Thailand (BOT) expects that in 2023 there will be 29 million tourists and 35.5 million in 2024, while the value of exports will decrease from last year. Although Thai exports may benefit from opening up the Chinese economy. But there is also a risk from economic slowdown in major export markets. While household consumption has continued to recover. By the way, household debt is almost 90% of GDP. may be a factor limiting consumption while the political situation is still unstable May cause the 2024 budget to be delayed.
The Thai economy in the second half of this year will grow faster than in the first half. from the recovery of tourism Exports to the Chinese market and domestic purchasing power Inflation will slow to less than 2%, Ms. Kirida said.
June 13rd, 2023 – Miss Kirida Phaopichit, project director of TDRI Economic Intelligence Service (EIS), revealed that the Thai economy is expected to grow this year at 3.5%, driven by international tourism revenue as the main driver. While the Bank of Thailand (BOT) expects that in 2023 there will be 29 million tourists and 35.5 million in 2024, while the value of exports will decrease from last year. Although Thai exports may benefit from opening up the Chinese economy. But there is also a risk from economic slowdown in major export markets. While household consumption has continued to recover. By the way, household debt is almost 90% of GDP. may be a factor limiting consumption while the political situation is still unstable May cause the 2024 budget to be delayed.
The Thai economy in the second half of this year will grow faster than in the first half. from the recovery of tourism Exports to the Chinese market and domestic purchasing power Inflation will slow down to less than 2%, Ms. Kirida said, project director TDsomRI Economic Intelligence Service (EIS) revealed that the Thai economy is expected to grow this year at 3.5% from revenue in the international tourism sector. is the main driver While the Bank of Thailand (BOT) expects that in 2023 there will be 29 million tourists and 35.5 million in 2024, while the value of exports will decrease from last year. Although Thai exports may benefit from opening up the Chinese economy. But there is also a risk from economic slowdown in major export markets. While household consumption has continued to recover. By the way, household debt is almost 90% of GDP. may be a factor limiting consumption while the political situation is still unstable May cause the 2024 budget to be delayed.
The Thai economy in the second half of this year will grow faster than in the first half. from the recovery of tourism Exports to the Chinese market and domestic purchasing power Inflation will slow to less than 2%, Ms. Kirida said.
