Thailand's 2024 growth forecast lowered to 2.8%

Thailand's 2024 growth forecast lowered to 2.8%, down from earlier estimates.

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Thailand's economy grew modestly by 1.9% in 2023 but contracted by 0.6% in Q4.

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The World Bank cites global trade slowdown and delayed spending as key factors.

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Despite challenges, tourism and private consumption are expected to drive growth.

Source: Pexels