Thailand’s economy needs structural changes for long-term growth, says report
Thailand’s economy will continue to move forward with the global recovery momentum in the coming year, but it is still shaky when it comes to having a robust economy in the long term, according to an SCB Economic Intelligence Centre (EIC) report.
EIC chief economist Somprawin Manprasert expressed his concerns as the SCB EIC forecast Thailand’s growth for 2024 at 3.0%, up from 2.6% this year.
The EIC report said the growth was being fuelled by export expansion, which was supported by rising global trade growth. Furthermore, private investment will increase in tandem with the recovery of exports, the increasing trend of investment promotion applications, and government policies to encourage investment.
The Nation Reporter
