Thai joint business group maintains GDP growth outlook at 3.0-3.5% this year
FILE PHOTO: People receive the first dose of the AstraZeneca COVID-19 vaccine against the coronavirus disease (COVID-19) as Thailand start a mass inoculation at a gymnasium inside the Siam paragon Shopping center, Bangkok, Thailand June 7, 2021. REUTERS/Soe Zeya Tun
BANGKOK : Thailand's economy is expected to grow 3.0 per cent to 3.5 per cent this year, unchanged from a previous forecast, as tourism rebounds but exports weaken, a leading joint business group said on Wednesday.
Exports are expected to be flat or fall up to 1 per cent this year, compared with a previous forecast of a rise of 1 per cent to 2 per cent, said the group, which has representatives drawn from industry, banking and commerce. The economy grew 2.6 per cent in 2022, less than expected.
