Joint business group maintains growth outlook

Joint business group maintains growth outlook

Pink trumpet trees are in full bloom in Chatuchak Park as skytrain commuters cross the overpass at BTS Mo Chit, Bangkok. (Photo: Nutthawat Wichieanbut)
Pink trumpet trees are in full bloom in Chatuchak Park as skytrain commuters cross the overpass at BTS Mo Chit, Bangkok. (Photo: Nutthawat Wichieanbut)

The Thai economy is expected to grow 3.0% to 3.5% this year, unchanged from a previous forecast, as tourism rebounds but exports weaken, a leading joint business group said on Wednesday.

Exports are expected to be flat or fall up to 1% this year, compared with a previous forecast of a rise of 1% to 2%, said the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB). 

The economy grew 2.6% in 2022, less than expected.

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