KONTAN.CO.ID - BANGKOK. Thailand's economy is expected to grow 2.8% this year, a sharp downgrade from a previous projection of 3.2%, the finance ministry said in a statement on Tuesday. Gross domestic product (GDP) growth last year is seen at 1.8%, down from 2.7% seen earlier. Foreign tourist arrivals in 2024 are forecast at 33.5 million, a decline from a previous expectation of 34.5 million.
Thailand Downgrades 2024 GDP Growth Projection to 2.8%
KONTAN.CO.ID - BANGKOK. Thailand's economy is expected to grow 2.8% this year, a sharp downgrade from a previous projection of 3.2%, the finance ministry said in a statement on Tuesday. Gross domestic product (GDP) growth last year is seen at 1.8%, down from 2.7% seen earlier. Foreign tourist arrivals in 2024 are forecast at 33.5 million, a decline from a previous expectation of 34.5 million.