Chamber projects 3% GDP growth next year

Quick Summary:

Thailand’s economy should to grow by 3% in 2025, driven by government spending, private consumption and a rebound in exports and tourism, according to the University of the Thai Chamber of Commerce (UTCC).

The cash handout for farmers will inject 38 billion baht into the economy.

In the worst-case scenario, if the US imposes a 15% tariff on Thai imports and the geopolitical situation deteriorates, Thailand’s GDP growth could be as low as 0.9%, compared to the current projection of 3%.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaIsraelUkraineVietnam

Topics: Baht Expected Consumption Billion Measures Economy Tariff 2025 Include Factors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 18:23:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 545 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23919319

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 18 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 10 hours ago

Coverage Areas: Thailand

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #66

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