World Bank cuts Thai outlook to 2.4% on weaker exports

Quick Summary:

Thailand's economy is expected to grow 2.4% this year, down from the 2.8% expansion projected in April, largely due to weaker-than-expected exports and public investment early in the year, the World Bank said on Wednesday.

Foreign tourist arrivals are expected to surge to 36.1 million this year, well above the 28.2 million arrivals in 2023 and nearing their pre-coronavirus-pandemic peak, the financial institution said.

World Bank cuts Thai outlook to 2.

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Category: EconomyBusiness

Markets: Thailand

Topics: Thai Projected Growth Arrivals World Year Economy Bangkok Cuts Outlook Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-03 @ 12:06:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 378 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 21468698

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