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Bangkok Post
Bangkok Post
Business

World Bank maintains Thailand's 2023 growth outlook at 3.6%

Carved soap and other items for sale to tourists are seen at the crowded Hua Hin Walking Street market on Wednesday. (Photo: Dave Kendall)

The Thai economy is expected to grow by 3.6% this year, up from 2.6% last year, supported by stronger private consumption, a recovery in the tourism sector and strong pent-up demand following China's reopening, the World Bank said on Friday.

The 2023 outlook was unchanged from a forecast in December, and compared with 4.1% growth predicted in September.

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