BANGKOK, Nov 27 Reuters Thailand39;s previous 2023 economic growth forecast of 2.7 will be lowered after a weakerthanexpected third quarter, Deputy Finance Minister Krisada Chinavicharana said on Monday.
Southeast Asia39;s secondlargest economy expanded much slower than expected, at 1.5, in the JulySeptember quarter from a year earlier, the slowest this year, due to declining exports and government spending.
For next year, while the ministry is aiming for economic growth of slightly higher than 3, it will try to push for even more with upcoming government stimulus measures, he told reporters.
The finance ministry39;s current forecasts are for 2.7 economic growth in 2023 and 3.2 growth in 2024.
Reporting by Kitiphong Thaichreon; Writing by Orathai Sriring; Editing by Kanupriya Kapoor
Source Reuters