KONTAN.CO.ID -Â BANGKOK. Thailand's 2023 economic growth and inflation were expected to be lower than previously forecast due to softer-than-expected exports and tourism spending, the central bank chief said on Tuesday. Southeast Asia's second-largest economy has been impacted by slowing global growth, led by its main trading partner China and falling investor confidence due to prolonged political uncertainty following a May election. A new government was endorsed by the king on Saturday. Overall, the Southeast Asian country's economic recovery remains intact, with 29 million foreign arrivals still expected throughout the year, Bank of Thailand Governor Sethaput Suthiwartnarueput said during two economic seminars he addressed on Tuesday.
Bank of Thailand to Revise Down Forecasts for 2023 Growth and Inflation
KONTAN.CO.ID -Â BANGKOK. Thailand's 2023 economic growth and inflation were expected to be lower than previously forecast due to softer-than-expected exports and tourism spending, the central bank chief said on Tuesday. Southeast Asia's second-largest economy has been impacted by slowing global growth, led by its main trading partner China and falling investor confidence due to prolonged political uncertainty following a May election. A new government was endorsed by the king on Saturday. Overall, the Southeast Asian country's economic recovery remains intact, with 29 million foreign arrivals still expected throughout the year, Bank of Thailand Governor Sethaput Suthiwartnarueput said during two economic seminars he addressed on Tuesday.