Thailand's Third-quarter Economic Growth Falls Short of Expectations
Jayson 28 Nov 2023 12:21
It is reported that Thailand's Prime Minister and Minister of Finance, Mr. Srettha Thavisin, accepted an interview with the media before attending the policy implementation scheduling meeting, revealing that Thailand's GDP growth in the third quarter was only 1.5% year-on-year, which was lower than expected.
Srettha Thavisin and the Secretary-General of the Economic and Social Development Committee both expressed concern and shock. At the same time, Srettha also said that such a low growth rate is caused by many factors. Thailand's production, consumption, and investment are all lower than expected.
As for whether this low growth will affect the first quarter of next year, Srettha admitted that it will indeed have an impact, but he still has expectations for the economic situation in the fourth quarter. With the sluggish third-quarter data, Srettha hopes that various departments will respond accordingly. Clarify the current serious situation.
Thailand believes that Thailand's GDP growth in the third quarter was only 1.5%. This lower-than-expected growth rate shows the economic challenges faced by Thailand, and production, consumption, and investment have not reached expected levels.
Srettha Thavisin and the Secretary-General of the Economic and Social Development Committee both expressed concern and shock. At the same time, Srettha also said that such a low growth rate is caused by many factors. Thailand's production, consumption, and investment are all lower than expected.
As for whether this low growth will affect the first quarter of next year, Srettha admitted that it will indeed have an impact, but he still has expectations for the economic situation in the fourth quarter. With the sluggish third-quarter data, Srettha hopes that various departments will respond accordingly. Clarify the current serious situation.
Thailand believes that Thailand's GDP growth in the third quarter was only 1.5%. This lower-than-expected growth rate shows the economic challenges faced by Thailand, and production, consumption, and investment have not reached expected levels.
