Thai economy expected to grow 3% next year, finance ministry says

Quick Summary:

BANGKOK: Thailand's economy is expected to grow 3% in 2025, picking up pace from this year as activity is supported by private consumption, exports, investment and tourism, the finance ministry said on Thursday.

The ministry said annual GDP growth in the third quarter was expected to come in below 3%, but would accelerate to above 4% in the final quarter of 2024.

The ministry saw the baht averaging between 34.8 and 35.4 per dollar this year, and between 32.7 and 33.1 per dollar next year.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaThailand

Topics: Tourism /Business/Business News Bank of Thailand Baht Economy GDP Exports Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 13:38:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 316 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23345660

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