Thai Fiscal Policy Office forecasts 2.8% GDP growth this year

[snoop1130]

 

Thailand’s economic growth this year is expected to be about 2.8%, largely due to increasing exports and tourism. This compares favourably against 1.8% GDP growth last year, according to Pornchai Theeravet, director-general of the Fiscal Policy Office and spokesman for the Finance Ministry.

 

He said that 33.5 million foreign arrivals are expected this year, an increase of 19.5% year-on-year. This will generate about 1.48 trillion baht in tourism revenues, an increase of 23.6% over last year.

 

Thai exports last year contracted by 1.5%, due mainly to an economic slowdown among Thailand’s key trading partners. Especially hard hit were exports of automobiles, computers and electronic goods, as reflected in the manufacturing production index.

 

Full story: Thai PBS 2024-01-25

 

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[RichardColeman]

13 hours ago, snoop1130 said:

Thailand’s economic growth this year is expected to be about 2.8%

yeah yeah

Adjusted Feb 2.7%, march 2.6%, april 2.5%, until adjusted to 1.7% so they have the correct figure and keep their jobs in December.

 

That said, if the baht keeps dropping they may well hit their export figures and more

[hotchilli]

14 hours ago, snoop1130 said:

Thailand’s economic growth this year is expected to be about 2.8%, largely due to increasing exports and tourism.

Probably walk that back later in the second half of the year...