Keyword: "debt-to-GDP"

Treasury secretary-general Datuk Johan Mahmood Merican said the country's fiscal consolidation efforts are bearing fruit, with the budget deficit narrowing from 5.5% of GDP in 2022 to 4.1% last year and further targeted to reach 3.8% in 2025.

Thailand's economy is forecast for clear recovery momentum in 2022 as domestic demand will remain weak in 2021, says CIMB Thai Bank (CIMBT).