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Bangkok Post

Business

Q4 GDP growth slows, 2023 outlook trimmed

GDP NESDC Thailand Economic Growth Economy

People visit Thailand Mobile Expo 2023, held at Queen Sirikit National Convention Center, Bangkok. The largest mobile phone exhibition in the country, which continues through Sunday, is open to the public from 10am. (Photo: Varuth Hirunyatheb)

Thailand's economic growth slowed more than expected in the fourth quarter of 2022, as exports and manufacturing declined, but a rebound in the vital tourism sector should continue to boost the recovery this year amid weaker global demand.

Southeast Asia's second-largest economy expanded 1.4% in the October-December period from a year earlier, data from the National Economic and Social Development Council (NESDC) showed on Friday.

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