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Bangkok Post

Business

World Bank puts Thai growth at 3.9%

World Bank Thailand United States China Economy Europe Flood

Thailand's economy is projected to expand 3.9% in 2023 from 2.6% last year because of stronger demand from China, Europe and the US, private consumption growth and a recovery in tourism, says the World Bank in its semi-annual Thailand Economic Monitor.

Growth is expected to moderate to 3.6% next year and 3.4% in 2025, with tourism and private consumption remaining the primary drivers of growth while external demand weakens, according to the report.

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