The Ministry of Finance of Thailand predicts that GDP will grow by 3.8% in 2023, which is expected to sprint to 20 trillion

Thailand Headline News Agency News On January 11, Anucha, the spokesperson of the Prime Minister’s Office of Thailand, revealed that thanks to the proper and timely implementation of government policies, Prime Minister Prayuth believes that Thailand’s economic recovery trend is strong, and in the case of a global economic slowdown , Thailand's economy will continue to grow in the next four years.

Despite the current global economic recession, the Thai Ministry of Finance expects Thailand's economy to grow by 3.8% in 2023. The main factor is the expansion of investment in the public and private sectors, including the gradual recovery of tourism and domestic consumption from 2022, which will become the mainstay of the Thai economy. main driver. And according to government estimates, more than 25 million tourists will travel to Thailand in 2023. Therefore, the Ministry of Finance predicts that the GDP will continue to rise in the next four years (2024-2027), and will increase by 3.8% in 2023. , the total GDP will exceed 19.77 trillion baht; in 2024, it will grow by 3.4%, and the total GDP will exceed 20.78 trillion baht; in 2025, it will grow by 3.4%, and the total GDP will exceed 21.86 trillion baht; in 2026, it will grow by 3.3%, and the GDP The total will exceed 23 trillion baht.

Anucha said that all sectors of society are actively implementing government policies to promote the recovery of the country's economy, so Prime Minister Prayuth believes that Thailand's economic value will continue to expand. At the same time, Prime Minister Prayut Chan-o-cha ordered relevant parties to speed up their work to promote the next stage of economic recovery, especially the tourism industry.