ADB cuts Thailand’s 2023 economic growth forecast to 2.5% ADB cuts Thailand’s 2023 economic growth forecast to 2.5%
THURSDAY, DECEMBER 14, 2023
The Asian Development Bank (ADB) has lowered its economic forecast for Thailand in 2023 from 3.5% growth to 2.5%, citing export contraction, reduced government spending, and lower investment from both the public and private sectors.