{"id":2824,"date":"2024-03-25T11:54:34","date_gmt":"2024-03-25T04:54:34","guid":{"rendered":"https:\/\/plizz.co\/?p=2824"},"modified":"2024-03-25T11:54:35","modified_gmt":"2024-03-25T04:54:35","slug":"utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6","status":"publish","type":"post","link":"https:\/\/plizz.co\/th\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/","title":{"rendered":"UTCC slashes Thailand 2024 growth forecast from 3.2% to 2.6%"},"content":{"rendered":"
\"qPSniWCJ8fR8ditw3Dve\"<\/figure>\n\n\n\n

March 19, 2024<\/p>\n\n\n\n

The University of the Thai Chamber of Commerce (UTCC) on Tuesday slashed its 2024 economic growth forecast for Thailand from 3.2% to 2.6%.<\/h2>\n\n\n\n

The big cut by the university\u2019s Centre for Economic and Business Forecasting was mainly due to the global economic slowdown, explained UTCC rector Thanawat Phonwichai.<\/p>\n\n\n\n

He cited the International Monetary Fund reducing its global economic growth forecast from 3.5% to 3.3% amid ongoing conflict in the Red Sea.<\/p>\n\n\n\n

In October, Iran-backed Houthi rebels in Yemen launched missile and drone strikes against Israel in response to its Gaza offensive. They have also targeted cargo ships transiting the Red Sea, disrupting one of the world\u2019s most important trade routes.<\/p>\n\n\n\n

Thanawat said Thailand\u2019s economic growth would also be hampered by a slowdown in private-sector consumption and investment as well as delays in disbursement of government budget and investment.<\/p>\n\n\n\n

However, Thailand could achieve 3.1% GDP growth if the government\u2019s digital wallet scheme disburses 10,000-baht payments to 15 million people on schedule, according to the UTCC centre.<\/p>\n\n\n\n

It said the best-case scenario was 3.8% growth, if the digital wallet scheme expands to more recipients and the number of foreign tourists reaches 26 million this year.<\/p>\n\n\n\n

The centre calculates that every 100 billion baht spent under the digital wallet scheme will boost GDP by 0.26%.<\/p>\n\n\n\n

GDP would be boosted by the same amount for every one million foreign arrivals, and by 0.56% for every 100 billion baht of spending by foreign tourists, it said.<\/p>\n\n\n\n

Meanwhile, every 100 million baht in government spending to stimulate consumption would expand the economy by 0.52%.<\/p>\n\n\n\n

Finally, GDP would grow by 0.68% for every 100 billion in investment by the government, Thanawat said.<\/p>\n\n\n\n

Source: The Nation<\/a><\/p>","protected":false},"excerpt":{"rendered":"

March 19, 2024 The University of the Thai Chamber of Commerce (UTCC) on Tuesday slashed its 2024 economic growth forecast for Thailand from 3.2% to 2.6%. The big cut by the university\u2019s Centre for Economic and Business Forecasting was mainly due to the global economic slowdown, explained UTCC rector Thanawat Phonwichai. He cited the International […]<\/p>\n","protected":false},"author":26,"featured_media":2825,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nUTCC slashes Thailand 2024 growth forecast from 3.2% to 2.6%<\/title>\n<meta name=\"description\" content=\"Read our article " UTCC slashes Thailand 2024 growth forecast from 3.2% to 2.6% ". Dive into our blog for insights on accounting, legal services, and tips specifically crafted for SMEs in Thailand.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plizz.co\/th\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/\" \/>\n<meta property=\"og:locale\" content=\"th_TH\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UTCC slashes Thailand 2024 growth forecast from 3.2% to 2.6%\" \/>\n<meta property=\"og:description\" content=\"Read our article " UTCC slashes Thailand 2024 growth forecast from 3.2% to 2.6% ". Dive into our blog for insights on accounting, legal services, and tips specifically crafted for SMEs in Thailand.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/plizz.co\/th\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/\" \/>\n<meta property=\"og:site_name\" content=\"Plizz\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-25T04:54:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-25T04:54:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/plizz.co\/wp-content\/uploads\/2024\/03\/qPSniWCJ8fR8ditw3Dve.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1300\" \/>\n\t<meta property=\"og:image:height\" content=\"731\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Adrien Touchet\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adrien Touchet\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/\"},\"author\":{\"name\":\"Adrien Touchet\",\"@id\":\"https:\/\/plizz.co\/#\/schema\/person\/9bb57c7d1344e0f884a835f1d43068af\"},\"headline\":\"UTCC slashes Thailand 2024 growth forecast from 3.2% to 2.6%\",\"datePublished\":\"2024-03-25T04:54:34+00:00\",\"dateModified\":\"2024-03-25T04:54:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/\"},\"wordCount\":273,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/plizz.co\/#organization\"},\"image\":{\"@id\":\"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/plizz.co\/wp-content\/uploads\/2024\/03\/qPSniWCJ8fR8ditw3Dve.webp\",\"inLanguage\":\"th\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/\",\"url\":\"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/\",\"name\":\"UTCC slashes Thailand 2024 growth forecast from 3.2% to 2.6%\",\"isPartOf\":{\"@id\":\"https:\/\/plizz.co\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/plizz.co\/wp-content\/uploads\/2024\/03\/qPSniWCJ8fR8ditw3Dve.webp\",\"datePublished\":\"2024-03-25T04:54:34+00:00\",\"dateModified\":\"2024-03-25T04:54:35+00:00\",\"description\":\"Read our article \\\" UTCC slashes Thailand 2024 growth forecast from 3.2% to 2.6% \\\". Dive into our blog for insights on accounting, legal services, and tips specifically crafted for SMEs in Thailand.\",\"breadcrumb\":{\"@id\":\"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/#breadcrumb\"},\"inLanguage\":\"th\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"th\",\"@id\":\"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/#primaryimage\",\"url\":\"https:\/\/plizz.co\/wp-content\/uploads\/2024\/03\/qPSniWCJ8fR8ditw3Dve.webp\",\"contentUrl\":\"https:\/\/plizz.co\/wp-content\/uploads\/2024\/03\/qPSniWCJ8fR8ditw3Dve.webp\",\"width\":1300,\"height\":731,\"caption\":\"qPSniWCJ8fR8ditw3Dve\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Uncategorized\",\"item\":\"https:\/\/plizz.co\/blog\/category\/uncategorized\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"UTCC slashes Thailand 2024 growth forecast from 3.2% to 2.6%\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/plizz.co\/#website\",\"url\":\"https:\/\/plizz.co\/\",\"name\":\"Plizz\",\"description\":\"Accounting & Legal services for SMEs\",\"publisher\":{\"@id\":\"https:\/\/plizz.co\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/plizz.co\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"th\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/plizz.co\/#organization\",\"name\":\"Plizz\",\"url\":\"https:\/\/plizz.co\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"th\",\"@id\":\"https:\/\/plizz.co\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/plizz.co\/wp-content\/uploads\/2021\/11\/plizz-logo.png\",\"contentUrl\":\"https:\/\/plizz.co\/wp-content\/uploads\/2021\/11\/plizz-logo.png\",\"width\":700,\"height\":300,\"caption\":\"Plizz\"},\"image\":{\"@id\":\"https:\/\/plizz.co\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/plizz.co\/#\/schema\/person\/9bb57c7d1344e0f884a835f1d43068af\",\"name\":\"Adrien Touchet\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"th\",\"@id\":\"https:\/\/plizz.co\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/8d705075bb79c7b8a88bfeb5109689e9f286a591117a73f1a931241cc1c66135?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/8d705075bb79c7b8a88bfeb5109689e9f286a591117a73f1a931241cc1c66135?s=96&d=mm&r=g\",\"caption\":\"Adrien Touchet\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"UTCC slashes Thailand 2024 growth forecast from 3.2% to 2.6%","description":"Read our article \" UTCC slashes Thailand 2024 growth forecast from 3.2% to 2.6% \". Dive into our blog for insights on accounting, legal services, and tips specifically crafted for SMEs in Thailand.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/plizz.co\/th\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/","og_locale":"th_TH","og_type":"article","og_title":"UTCC slashes Thailand 2024 growth forecast from 3.2% to 2.6%","og_description":"Read our article \" UTCC slashes Thailand 2024 growth forecast from 3.2% to 2.6% \". Dive into our blog for insights on accounting, legal services, and tips specifically crafted for SMEs in Thailand.","og_url":"https:\/\/plizz.co\/th\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/","og_site_name":"Plizz","article_published_time":"2024-03-25T04:54:34+00:00","article_modified_time":"2024-03-25T04:54:35+00:00","og_image":[{"width":1300,"height":731,"url":"https:\/\/plizz.co\/wp-content\/uploads\/2024\/03\/qPSniWCJ8fR8ditw3Dve.webp","type":"image\/webp"}],"author":"Adrien Touchet","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Adrien Touchet","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/#article","isPartOf":{"@id":"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/"},"author":{"name":"Adrien Touchet","@id":"https:\/\/plizz.co\/#\/schema\/person\/9bb57c7d1344e0f884a835f1d43068af"},"headline":"UTCC slashes Thailand 2024 growth forecast from 3.2% to 2.6%","datePublished":"2024-03-25T04:54:34+00:00","dateModified":"2024-03-25T04:54:35+00:00","mainEntityOfPage":{"@id":"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/"},"wordCount":273,"commentCount":0,"publisher":{"@id":"https:\/\/plizz.co\/#organization"},"image":{"@id":"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/#primaryimage"},"thumbnailUrl":"https:\/\/plizz.co\/wp-content\/uploads\/2024\/03\/qPSniWCJ8fR8ditw3Dve.webp","inLanguage":"th","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/","url":"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/","name":"UTCC slashes Thailand 2024 growth forecast from 3.2% to 2.6%","isPartOf":{"@id":"https:\/\/plizz.co\/#website"},"primaryImageOfPage":{"@id":"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/#primaryimage"},"image":{"@id":"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/#primaryimage"},"thumbnailUrl":"https:\/\/plizz.co\/wp-content\/uploads\/2024\/03\/qPSniWCJ8fR8ditw3Dve.webp","datePublished":"2024-03-25T04:54:34+00:00","dateModified":"2024-03-25T04:54:35+00:00","description":"Read our article \" UTCC slashes Thailand 2024 growth forecast from 3.2% to 2.6% \". Dive into our blog for insights on accounting, legal services, and tips specifically crafted for SMEs in Thailand.","breadcrumb":{"@id":"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/#breadcrumb"},"inLanguage":"th","potentialAction":[{"@type":"ReadAction","target":["https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/"]}]},{"@type":"ImageObject","inLanguage":"th","@id":"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/#primaryimage","url":"https:\/\/plizz.co\/wp-content\/uploads\/2024\/03\/qPSniWCJ8fR8ditw3Dve.webp","contentUrl":"https:\/\/plizz.co\/wp-content\/uploads\/2024\/03\/qPSniWCJ8fR8ditw3Dve.webp","width":1300,"height":731,"caption":"qPSniWCJ8fR8ditw3Dve"},{"@type":"BreadcrumbList","@id":"https:\/\/plizz.co\/blog\/utcc-slashes-thailand-2024-growth-forecast-from-3-2-to-2-6\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Uncategorized","item":"https:\/\/plizz.co\/blog\/category\/uncategorized\/"},{"@type":"ListItem","position":2,"name":"UTCC slashes Thailand 2024 growth forecast from 3.2% to 2.6%"}]},{"@type":"WebSite","@id":"https:\/\/plizz.co\/#website","url":"https:\/\/plizz.co\/","name":"Plizz","description":"Accounting & Legal services for SMEs","publisher":{"@id":"https:\/\/plizz.co\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/plizz.co\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"th"},{"@type":"Organization","@id":"https:\/\/plizz.co\/#organization","name":"Plizz","url":"https:\/\/plizz.co\/","logo":{"@type":"ImageObject","inLanguage":"th","@id":"https:\/\/plizz.co\/#\/schema\/logo\/image\/","url":"https:\/\/plizz.co\/wp-content\/uploads\/2021\/11\/plizz-logo.png","contentUrl":"https:\/\/plizz.co\/wp-content\/uploads\/2021\/11\/plizz-logo.png","width":700,"height":300,"caption":"Plizz"},"image":{"@id":"https:\/\/plizz.co\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/plizz.co\/#\/schema\/person\/9bb57c7d1344e0f884a835f1d43068af","name":"Adrien Touchet","image":{"@type":"ImageObject","inLanguage":"th","@id":"https:\/\/plizz.co\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/8d705075bb79c7b8a88bfeb5109689e9f286a591117a73f1a931241cc1c66135?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8d705075bb79c7b8a88bfeb5109689e9f286a591117a73f1a931241cc1c66135?s=96&d=mm&r=g","caption":"Adrien Touchet"}}]}},"_links":{"self":[{"href":"https:\/\/plizz.co\/th\/wp-json\/wp\/v2\/posts\/2824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/plizz.co\/th\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/plizz.co\/th\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/plizz.co\/th\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/plizz.co\/th\/wp-json\/wp\/v2\/comments?post=2824"}],"version-history":[{"count":1,"href":"https:\/\/plizz.co\/th\/wp-json\/wp\/v2\/posts\/2824\/revisions"}],"predecessor-version":[{"id":2826,"href":"https:\/\/plizz.co\/th\/wp-json\/wp\/v2\/posts\/2824\/revisions\/2826"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/plizz.co\/th\/wp-json\/wp\/v2\/media\/2825"}],"wp:attachment":[{"href":"https:\/\/plizz.co\/th\/wp-json\/wp\/v2\/media?parent=2824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/plizz.co\/th\/wp-json\/wp\/v2\/categories?post=2824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/plizz.co\/th\/wp-json\/wp\/v2\/tags?post=2824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}