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Bangkok Post
Bangkok Post
Business

Finance Ministry maintains growth outlook, expects more tourists

Ministry of Finance Pornchai Thiraveja Economic Growth
A city view of high-rise buildings along the Chao Phraya River, Bangkok, on Thursday. (Photo: Apichart Jinakul)

The Ministry of Finance has maintained its economic growth outlook for 2023 at 3.8%, buoyed by a rebound in tourism and domestic demand, but an official said exports would slow down this year.

For 2022, Southeast Asia's second-largest economy is expected to have expanded 3.0%, down from a previous forecast of 3.4%, as exports, public investment and private consumption slowed, Pornchai Thiraveja, head of the ministry's Fiscal Policy Office (FPO), told a briefing on Friday.

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