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Thailand to maintain economic recovery in 2023

Leaders of the Bank of Thailand (BoT) have assessed that despite facing many challenges, Thailand will still maintain its economic recovery in the post-pandemic period.
Thailand to maintain economic recovery in 2023 ảnh 1Illustrative photo. (Source: Bloomberg)
Bangkok (VNA) - Leaders of theBank of Thailand (BoT) have assessed that despite facing many challenges,Thailand will still maintain its economic recovery in the post-pandemic period.

Addressing a conference held by PrachachatTurakit newspaper on November 2, BoT Deputy Governor Mathee Supapongse forecastthat the Thai economy would face difficulties such as rising interest ratesacross the global, hyperinflation, and political risks in 2023.

However, the country’s gross domesticproduct (GDP) is estimated at 3.3% this year and 3.8% next year.

Mathee said that the InternationalMonetary Fund (IMF) predicted that Thailand's GDP growth rate in 2023 will behigher than in 2022.

The country's inflation rate willcontinue to fall to 1-3% next year, so that the central bank has beenmaintaining the currency normalizer, he added./.
VNA
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