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Bangkok Post

Business

Bleak economic view for Asia

Asia Thailand China Economy GDP United States

Commuters throng the Chong Nongsi skytrain station in Bangkok. Thailand's economy is expected to post higher year-on-year growth in 2023, according to a trade insurer.

Thailand and China are among the lone bright spots in Asia, projected to have higher real GDP growth this year even as the rest of the region is battered by unfavourable global economic conditions and geopolitical tensions, according to global trade insurer Atradius.

The insurer's recent "Regional Economic Outlook Asia" report indicated the regional economic recovery was "clearly losing momentum" because of tighter financial conditions, inflation, a weak global economic environment and geopolitical tensions.

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