Bangkok 26 Aug – Rector of University of the Thai Chamber of Commerce Believe in the digital economy-tourism-investment-export-shopping Thai GDP to recover in Q4/2023, GDP is expected to grow 5-7% in 2024
Assoc. Prof. Dr. Thanawat Phonwichai, President of the University of the Thai Chamber of Commerce Estimates the growth trend of the Thai economy in 2024 that it can grow at 5-7% because the budget will begin to be used in April 2024 after the government is established. and also to stimulate the economy The first phase since the beginning of 2024 from the digital economy policy or 10,000 baht digital wallet policy
While the export sector in 2024 is expected to expand by 3-5%, in 2023 it is expected to be negative by 2-3% due to the global economic recession in many countries. Both the United States and the European Union, while the Chinese economy is still recovering slowly. which will affect exports this year But next year will be better.
As for the drought situation this year It is expected to start affecting next year. It is expected that the agricultural sector will have higher incomes in the fourth quarter of 2023 until 2024. In addition, if there is a political situation such as a rally, it will be a risk to the economy.
For the first half of 2023, the GDP slowed down due to the factors of investment and decreased exports. But the trend of the economy in the 4th quarter after getting a new government Stable political situation investment will return and if the new government roadshow promote tourism It will help as an additional factor. Linking to consumption and investment has a tendency to improve.-Thai News Agency
Source: Thai News Agency