Economic news 14 December ’23 3:22 pm 2023-12-14
The World Bank predicts economic growth (GDP) for Thailand in 2024 at 3.2%, down from the previous expectation of 3.5% last October. A look at the Thai economy Affected by the contraction in commodity exports and reductions in government spending. and the Thai economy is expected to expand more modestly at 3.1% in 2025.
In terms of headline inflation in 2024, it is expected to slow to 1.1% due to lower energy prices, but food prices are expected to increase.
For the upcoming 10,000 baht digital wallet supplemental project The value of the project is about 2.7% of GDP if the project is implemented. It is expected to be able to stimulate short-term growth by 0.5 – 1% of GDP during the period 2024 – 2025, but it will lead to the fiscal deficit possibly increasing to 4 – 5% of GDP, while public debt can increase to 65 – 66% of GDP as of the end of September. 66 Public debt ratio is 62.1% of GDP.
However, in 2023, the World Bank predicts Thailand’s economic growth at 2.5%, down from the previous expectation of 3.4% last October.
By InfoQuest News Agency (14 December 2023)
Tags: GDP , World Bank , World Bank , Thai economy
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