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Bangkok Post

Business

ADB gauges 2023 growth rate at 3.3%

ADB the Asian Development Bank Thailand Albert Park Asia Economic Growth

Thailand's economic growth is projected at 3.3% this year and 3.7% in 2024 as a recovery in tourism and private consumption help offset a slowdown in exports, according to the Asian Development Bank (ADB).

The Asian Development Outlook April 2023 report indicated the easing of travel restrictions and reopening of borders would drive the economy to grow faster this year and next, from an expansion of 2.6% and 1.5% in 2022 and 2021, respectively.

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