Finance Ministry Trims GDP Growth Outlook to 3.5%

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July 26, 20232 yr

Bangkok, July 26 (TNA) – The Ministry of Finance has lowered Thai 2023 economic growth outlook to 3.5% from 3.6% projected earlier.

The ministry’s spokesman Pornchai Thiraveja, who is also head of the ministry’s fiscal policy office said the projected economic growth is driven by the continuous recovery of the tourism sector, domestic demand and decreasing inflation.

Tourist arrivals from Asian countries are expected to increase. It is projected that the total number of foreign tourists will be 29.5 million this year, contributing to a 164.2% annual increase in revenue from tourism and related service businesses.

Full Story: https://tna.mcot.net/english-news-1213616

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