Thai business group keeps 2023 growth forecast at 2.5%-3%

Thailand’s economy is expected to grow between 2.5% and 3.0% this year, a leading joint business group said on Wednesday, maintaining its previous estimate.

Exports, a key driver of the Thai economy, are expected to fall between 0.5% to 2% this year, said the group, which has representatives from industry, banking and commerce.

It also maintained a forecast of 29 to 30 million foreign arrivals to Thailand this year.

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