{"id":2909,"date":"2024-04-11T10:18:57","date_gmt":"2024-04-11T03:18:57","guid":{"rendered":"https:\/\/plizz.co\/?p=2909"},"modified":"2024-04-11T10:18:58","modified_gmt":"2024-04-11T03:18:58","slug":"world-bank-cuts-thai-growth-to-2-8-on-weaker-exports","status":"publish","type":"post","link":"https:\/\/plizz.co\/th\/blog\/world-bank-cuts-thai-growth-to-2-8-on-weaker-exports\/","title":{"rendered":"World Bank cuts Thai growth to 2.8% on weaker exports"},"content":{"rendered":"<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/plizz.co\/wp-content\/uploads\/2024\/04\/dFJQmUb2tRTtsfG3ZIH3-1024x576.webp\" alt=\"dFJQmUb2tRTtsfG3ZIH3\" class=\"wp-image-2910\" srcset=\"https:\/\/plizz.co\/wp-content\/uploads\/2024\/04\/dFJQmUb2tRTtsfG3ZIH3-1024x576.webp 1024w, https:\/\/plizz.co\/wp-content\/uploads\/2024\/04\/dFJQmUb2tRTtsfG3ZIH3-300x169.webp 300w, https:\/\/plizz.co\/wp-content\/uploads\/2024\/04\/dFJQmUb2tRTtsfG3ZIH3-768x432.webp 768w, https:\/\/plizz.co\/wp-content\/uploads\/2024\/04\/dFJQmUb2tRTtsfG3ZIH3-18x10.webp 18w, https:\/\/plizz.co\/wp-content\/uploads\/2024\/04\/dFJQmUb2tRTtsfG3ZIH3.webp 1300w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>April 01, 2024<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Thailand&#8217;s economic growth is expected at 2.8% this year before accelerating to 3.0% in 2025, the World Bank said on Monday, on account of weak exports and a delayed budget.<\/h4>\n\n\n\n<p>The growth outlook for 2024 and 2025 was reduced from 3.2% and 3.1% respectively, as&nbsp;forecast&nbsp;in December.<\/p>\n\n\n\n<p>Southeast Asia&#8217;s second-largest economy expanded\u00a01.9%\u00a0in 2023 and unexpectedly\u00a0shrank\u00a00.6% in the final quarter of 2023 from the third.<\/p>\n\n\n\n<p>Thailand&#8217;s central bank in February also&nbsp;lowered&nbsp;its 2024 growth outlook to 2.5% to 3.0% from 3.2%.<\/p>\n\n\n\n<p>The cut stems from global trade slowing while the delayed budget slowed government spending, World Bank Senior Economist Kiatipong Ariyapruchya, told reporters in a virtual briefing.<\/p>\n\n\n\n<p>Dimmer export and public investment prospects also attributed to new outlook, the World Bank said in statement.<\/p>\n\n\n\n<p>The shipper&#8217;s council expects exports to grow 1% to 2% this year.<\/p>\n\n\n\n<p>Tourism and private consumption will be key growth drivers, the World Bank said, with tourist arrivals projected to reach 90% of pre-pandemic levels this year.<\/p>\n\n\n\n<p>The government is aiming for a record 40 million foreign visitors this year after welcoming 28 million visitors in 2023.<\/p>\n\n\n\n<p>Prime Minister Srettha Thavisin has characterised the economy as facing a &#8220;crisis&#8221; and in need of a major fiscal stimulus through his government&#8217;s delayed signature policy, a $14 billion handout to 50 million Thais.<\/p>\n\n\n\n<p>The &#8216;digital wallet&#8217; scheme could add 1% to growth but will increase public debt, Kiatipong said.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.nationthailand.com\/thailand\/economy\/40036884\">The Nation<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>April 01, 2024 Thailand&#8217;s economic growth is expected at 2.8% this year before accelerating to 3.0% in 2025, the World Bank said on Monday, on account of weak exports and a delayed budget. The growth outlook for 2024 and 2025 was reduced from 3.2% and 3.1% respectively, as&nbsp;forecast&nbsp;in December. Southeast Asia&#8217;s second-largest economy expanded\u00a01.9%\u00a0in 2023 [&hellip;]<\/p>\n","protected":false},"author":26,"featured_media":2910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>World Bank cuts Thai growth to 2.8% on weaker exports<\/title>\n<meta name=\"description\" content=\"Read our article &quot; World Bank cuts Thai growth to 2.8% on weaker exports &quot;. 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