Thailand's economy is expected to grow 3.1% this year, higher than a forecast in June of 2.9%, supported by private consumption and exports, the World Bank said on Tuesday.
However, the bank cut the country’s growth forecast in 2023 to 4.1%, from a previous outlook of 4.3%.
While an expected global economic slowdown next year will depress demand for exports, the easing of the Covid-19 pandemic would support a tourism recovery, the bank said in a report.
