BoT plans to reduce economic forecast this year

The BoT plans to reduce its economic forecast for 2023 as exports remain negative. and has still recovered slightly according to the world market conditions. and the spending of tourists is low. lower than estimated As for government policy, it will affect the Thai economy next year. Ten thousand baht of digital money per person, 500 billion baht, equivalent to 3% of GDP. It is expected that there will be about one cycle of money because the majority of spending will be on the same products that have already been spent on.

Mr. Sakkapop Panyanukul, Senior Director Macroeconomic Department The Bank of Thailand (BoT) revealed that the overall economy has continued to recover. Supported by domestic spending, tourism, and exports are still recovering as they should. In the third quarter, the economic recovery began to weaken. Including the increasing number of tourists coming in. But the spending amount did not meet the target. Exports are still negative, resulting in the BoT having to revise economic numbers estimates again. This year’s GDP recovery may not meet the target and estimates must be revised down.

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