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Bangkok Post
Bangkok Post
Business

Chamber estimates Thai growth to accelerate next year

Thai UTCC Thanavath Phonvichai Economic Growth
Tourists visit Wat Phra Chetuphon in Bangkok last month. (Photo: Apichart Jinakun)

The University of the Thai Chamber of Commerce (UTCC) forecasts Thai economic growth of 3.6% in 2023, up from an estimated 3.3% this year, driven largely by the tourism revival, growing exports and a recovery in private consumption.

According to Thanavath Phonvichai, UTCC president, the forecast assumes global trade growth of 2.5% in 2023, down from estimated growth of 4.3% this year, with global GDP expected to expand by 2.7%, down from 3.2% in 2022.

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