World

Thailand to maintain economic recovery in 2023

Leaders of the Bank of Thailand (BoT) have assessed that despite facing many challenges, Thailand will still maintain its economic recovery in the post-pandemic period.
Thailand to maintain economic recovery in 2023 ảnh 1Illustrative photo. (Source: Bloomberg)
Bangkok (VNA) - Leaders of theBank of Thailand (BoT) have assessed that despite facing many challenges,Thailand will still maintain its economic recovery in the post-pandemic period.

Addressing a conference held by PrachachatTurakit newspaper on November 2, BoT Deputy Governor Mathee Supapongse forecastthat the Thai economy would face difficulties such as rising interest ratesacross the global, hyperinflation, and political risks in 2023.

However, the country’s gross domesticproduct (GDP) is estimated at 3.3% this year and 3.8% next year.

Mathee said that the InternationalMonetary Fund (IMF) predicted that Thailand's GDP growth rate in 2023 will behigher than in 2022.

The country's inflation rate willcontinue to fall to 1-3% next year, so that the central bank has beenmaintaining the currency normalizer, he added./.
VNA
#Bank of Thailand #BoT #post-pandemic #Governor Mathee Supapongse #GDP #International Monetary Fund #currency normalizer #Vietnam #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

Thailand allows foreigners to own land

Thailand allows foreigners to own land

Thailand’s cabinet on October 25 approved the Interior Ministry's proposal to allow foreigners to hold land ownership of up to one rai (roughly 0.16 hectares) for residential purposes.
Thailand expects 8% increase in exports

Thailand expects 8% increase in exports

Thailand’s Minister of Commerce Jurin Laksanawisit has expressed confidence that the country’s exports could expand by up to 8% this year after robust growth in the first nine months.
Thailand drops in global competitiveness rankings

Thailand drops in global competitiveness rankings

Though Thailand has dropped five points to 33 in this year’s International Institute for Management Development competitiveness list, the country is still improving in many respects, Spokesman Anucha Buraphachaisri said on October 30.
Thailand to pump 260 million USD into Thai Airways

Thailand to pump 260 million USD into Thai Airways

The Finance Ministry of Thailand plans to pump 10 billion baht (260 million USD) into Thai Airways International (THAI) to keep its shareholding in the company from dipping below 40%, according to the State Enterprise Policy Office (Sepo).

See more

Indonesian Micro, Small, and Medium Enterprises Minister Maman Abdurrahman speaks during the signing of financing agreements related to the People's Business Credit (KUR) at his office last week. (Photo: Antara)

Indonesia plans task force to combat sale of counterfeit goods

The minister said that the report has prompted the Ministry of MSMEs to move toward the formation of a task force for the protection and empowerment of MSMEs in Indonesia, adding that the planned task force would be empowered to take action against those involved in the distribution and sale of counterfeit goods.

A screenshot of an article on Prime Minister Shigeru Ishiba’s official visit to Vietnam published by the Sankei Shimbun. (Photo: VNA)

Japanese public hails PM Ishiba’s visit to Vietnam

Major outlets provided detailed reports on the visit, with particular emphasis on the two PMs’ shared commitment to upholding the international order and promoting a free, open, inclusive, and rules-based trading system.

Singapore negotiates for US concessions on pharmaceuticals, chips (Photo: Reuters)

Singapore negotiates for US concessions on pharmaceuticals, chips

Singapore is subject to a 10% tariff from the US. The country has previously warned of instability in its trade-dependent economy, along with heightened risks of recession and job losses. Singapore has lowered its 2025 GDP growth forecast to between 0% and 2%, following a 0.8% quarter-on-quarter contraction in the first quarter.

Bulusan is one of 24 active volcanoes in the Philippines. (Photo: straitstimes.com)

Philippines raises alert level after Mt. Bulusan erupts

The Philippine Institute of Volcanology and Seismology (Phivolcs) raised Bulusan’s alert status from 0 to 1 on its five-level scale, signalling low-level volcanic unrest and warning of possible phreatic eruptions.