World Bank cuts Thai GDP growth outlook to 2.8% this year

BANGKOK : Thailand’s economic boost is anticipated at 2.8 per cent this year before accelerating to three.0 per cent in 2025, the World Monetary institution acknowledged on Monday.

The growth outlook for 2024 and 2025 was once decreased from 3.2 per cent and 3.1 per cent respectively, as forecast in December. Southeast Asia’s 2d-largest economic system expanded 1.9 per cent in 2023.