whileFiscal Policy Office (FPO) Ministry of Finance will revisit the economic growth forecast in 2023, which is reviewed every three months and will be officially announced on January 27, expecting that the FPO will adjust the targetGDPThailand in 2023 grew higher than the previous forecast.
However, the numbers that FPO has reviewed the latest round on October 28, 2022, predicting thatThai economy2022 is expected to grow by 3.4% and 2023 is expected to grow by 3.8%, while headline inflation in 2022 is expected to be at 6.2% and 2.9% in 2023.
for the review of economic conditions in this new round There will be both positive and negative factors for the Thai economy. The positive factor besides the falling crude oil price is The recovery of the tourism sector benefited from the opening of China’s country, allowing Chinese people to travel abroad. Previously, the number of foreign tourists traveling to Thailand this year was estimated at 21.5 million, an increase from 10 million in 2022. About 2.8 million people in Thailand, but after China allows Chinese people to travel abroad fully It is expected that the number of Chinese tourists will travel to Thailand more than previously expected.
The negative factor that will affect the Thai economy is the baht that is expected to appreciate. This may affect the competitiveness of Thai exports. which many predicted The value of Thai exports in terms of US dollars in 2023 will grow by only 2.5% due to the global economic slowdown.