Thai group maintains GDP outlook

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%. — Reuters

BANGKOK: Thailand’s 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 says.

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 group, which has representatives drawn from industry, banking and commerce. The economy grew 2.6% in 2022, less than expected. — Reuters