News Formal

Thai Finance Ministry raises GDP growth expectations to 2.7% in 2024

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 53%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Thai Finance Ministry raises GDP growth expectations to 2.7% in 2024

BANGKOK - Thailand's economy is expected to grow 2.7% in 2024, the Finance Ministry said Friday, up from a previous forecast of 2.4% due to higher foreign tourist arrivals and exports.

"It's a good number, but we have to do better."The growth forecast did not factor in the 450 billion baht cash handout scheme to be rolled out in the fourth quarter, Paopoom said, adding that would contribute 1.2 to 1.8 percentage points to growth.Tourism is a key driver of Southeast Asia's second-largest economy and the ministry now expects 36 million foreign arrivals, who are expected to stay longer and spend an estimated 1.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indonesia sees 2024 budget deficit at 2.7% of GDP, finance minister saysIndonesia sees 2024 budget deficit at 2.7% of GDP, finance minister says
Source: Investingcom - 🏆 450. / 53 Read more »

Thai deputy Finance Minister says need to align policies to lift economic growthThai deputy Finance Minister says need to align policies to lift economic growth
Source: Investingcom - 🏆 450. / 53 Read more »