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Thailand lowers 2024 economic growth to 2.2-3.2%

Thailand expects an economic growth rate of 2.2-3.2% in 2014, lower than the 2.7%-3.7% projection that the National Social and Economic Development Council (NESDC) made last November.
Thailand lowers 2024 economic growth to 2.2-3.2% ảnh 1Illustrative photo (Photo: inquirer.net)

Bangkok (VNA) – Thailand expects an economic growthrate of 2.2-3.2% in 2014, lower than the 2.7%-3.7% projection that the NationalSocial and Economic Development Council (NESDC) made last November.

At a press conference on February 19, the NESDC announced thatthe country' s gross domestic product (GDP) grew only 1.9% in 2023.

NESDC Secretary-General Danucha Pichayanan told the pressconference that fourth quarter GDP was up 1.7% versus a 2.5% expansion forecastmade previously by observers.

The growth in the fourth quarter of 2023 was driven by a 3.4%increase in exports and a 7.4% increase in private investment, but a 3%decrease in government spending.

ꩲ Therefore, the economic growth for thewhole year 2023 reached only 1.9%, down from 2.5% in 2022./.

VNA

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