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Thailand misses 2024 GDP forecast, Trump tariff fears loom

Thailand misses 2024 GDP forecast, Trump tariff fears loom

14 Sept 03:24 Key points summarised by AI
  • Thailand's economy grew 2.5% in 2023, falling short of the 2.7% forecast, marking one of Asia's weakest post-Covid recoveries.
  • Key sectors like manufacturing and agriculture contracted, despite robust tourism numbers and government initiatives to stimulate growth.
  • The 2024 growth outlook (2.3-3.3%) is clouded by significant concerns over potential reciprocal tariffs from former US President Donald Trump, which could severely impact Thailand's exports.
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