World Bank cuts 2024 Thai GDP growth outlook to 2.4%

By Reuters

Jul 04, 2024 12:04 am

BANGKOK ― Thailand's economy is expected to grow 2.4 percent this year, down from the 2.8-percent expansion projected in April, largely due to weaker-than-expected exports and public investment early in the year, the World Bank said on Wednesday.

Growth in Southeast Asia's second-largest economy will be driven by sustained consumer spending, the tourism industry's measured recovery and a rebound in exports, the World Bank said in a statement.

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