Bangkok: Thailand’s gross domestic product (GDP) grew by 1.9% 2023The planning agency said on Monday, higher tourist numbers And private consumption The cuts were caused by declines in manufacturing and public spending.
weaker than expected Development The issue of an interest rate cut is on the table at the central bank’s next policy review on April 10, as a split vote kept the key rate steady at 2.50%, the highest in more than a decade. Two dissenters supported the rate cut.
Growth was expected to be 2.2-3.2% in 2024, down from the 2.7%-3.7% estimate provided by the agency in November.
Danucha Pichainan, head of the state planning agency, told a press conference that GDP grew 1.7% in the fourth quarter, while a Reuters poll had forecast a 2.5% expansion.
weaker than expected Development The issue of an interest rate cut is on the table at the central bank’s next policy review on April 10, as a split vote kept the key rate steady at 2.50%, the highest in more than a decade. Two dissenters supported the rate cut.
Growth was expected to be 2.2-3.2% in 2024, down from the 2.7%-3.7% estimate provided by the agency in November.
Danucha Pichainan, head of the state planning agency, told a press conference that GDP grew 1.7% in the fourth quarter, while a Reuters poll had forecast a 2.5% expansion.
