Thailand’s economy can grow as forecast: Official

Thailand’s economy can grow as forecast in 2023, helped by public consumption and investment after the formation of the new government, the country's Deputy Minister of Finance Krisada Chinavicharana said on September 8.

Friday, September 08, 2023 15:57

Thailand’s economy can grow as forecast: Official ảnh 1

Shoppers browse products at Sampheng Market in Samphanthawong district, Bangkok (Photo: bangkokpost.com)

Bangkok (VNA) – Thailand’s economycan grow as forecast in 2023, helped by public consumption and investment afterthe formation of the new government, the country's Deputy Minister of Finance KrisadaChinavicharana said on September 8.

According to him, privateconsumption and tourism recovery will contribute to helping the country’s economic growth to reach 3.5% this year.

The new government led by Prime Minister Srettha Thavisin, who is also finance minister, seeksto revise the Southeast Asia’s second largest economy and deliver on key campaignpromises. It is due to deliver its policy statement on September 11.

Thailand's economy grew1.8% in the second quarter of this year, sharply slowing from the previousquarter of 2.6%, as weak exports and investments undercut tourismstrength.

Compared to other countries in the Southeast Asian region, Thailand’sGross Domestic Product (GDP) in the second quarter of 2023 was only higher thanSingapore (0.7%) and lower than Malaysia, Vietnam, and Indonesia with 2.9%,4.14% and 5.7%, respectively./.

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