The Office of the National Economic and Social Development Council (NESDC) predicts a growth rate of 2.7% for Thailand's economy in 2023, excluding the implementation of the digital wallet scheme. The growth was slower than expected, driven by private consumption, service exports, and private investment. However, public spending and goods exports contracted. The NESDC suggests that the Bank of Thailand should consider reducing its policy interest rate to alleviate financial pressure on households and businesses. The Thai economy is projected to grow between 2.2 and 3.2% in 2024, supported by recovery of exports, private consumption, investment, and tourism. (ICE BANGKOK)

Fonte notizia: Thailand Business News