The World Bank cuts its forecast for the Thai economy to grow to 2.8% from 3.2% in 2567.
The World Bank cut its forecast for the "Thai economy" to grow to 2.8% from 3.2% in 2567 and before expanding to 3% in 2568 due to weak exports and a delayed budget.
On April 1, 2567, Reuters news agency reported that World Bank (World Bank) It is predicted that In 2567, the "Thai economy" will expand by 2.8% before expanding to 3% in 2568. due to weak exports and delayed budgets
The Thai economic growth outlook in 2567 and 2568 decreased from 3.2% and 3.1%, respectively, as forecast in December. The Thai economy expanded by 1.9% in 2566 and contracted by 0.6% in the 4th quarter of 2566 from the 3rd quarter.
The Bank of Thailand in February also lowered its 2567 growth outlook to 2.5% to 3% from 3.2%.
Mr. Kiattipong Ariyapratchaya, Senior Economist of the World Bank It said the cuts were due to a slowdown in world trade. Decreasing trends in exports and public investment are also a result of the new trend. Meanwhile, a delayed budget causes government spending to slow down.
The World Bank says tourism and private consumption will be the main growth drivers. Tourist numbers are expected to reach 90% of pre-pandemic levels in 2567. The government is targeting a record 40 million foreign tourist arrivals this year. After welcoming 28 million tourists in 2566
Mr. Settha Thavisin, Prime Minister It said the economy is facing a crisis and needs a major fiscal stimulus package. Through the digital wallet policy It will pay out $14,000 billion to 50 million Thai people.
refer : reuters.com
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