The World Bank has increased its forecast for Thai economic growth this year to 3.1% from 2.9%, according to its "East Asia and Pacific October 2022 Economic Update" released on Monday.
The bank also downgraded its growth forecast for Thailand in 2023 to 4.1% from a previous forecast of 4.3%.
Growth in most of developing East Asia and the Pacific rebounded from the effects of Covid-19 in 2022, while China has lost momentum because of the continuation of measures to contain the virus, the report said.
