Thailand Business News

Thailand's November inflation dropped to 33-month low due to government measures and lower food prices. Headline inflation for the year is stable. Ministry projects further deceleration next year.

Thailand's economic growth expected to be lowest in ASEAN due to aging population, decreased investment, and low productivity. Structural reforms needed.

World Bank report warns East Asia cities are becoming unlivable due to extreme heat and urban heat island effect, 2°C hotter than rural areas.

SCB EIC revises Thailand’s 2023 growth forecast to 2.6% due to lower GDP and slow recovery of Chinese tourists. 2024 growth at 3.0%, concerns about slow recovery and uncertainties. Proposed policies to address structural issues. Thai policy rate expected to remain at 2.5%. Concerns about declining potential growth in the long term.

Singapore's 2023 economy rebounds, tourism surges, construction grows, retail revives, and global financial hub position strengthens.

Asian Development Bank revises Thai economic growth forecasts down due to global slowdown, but raises regional economic growth forecast for 2023 to 4.9%.

Thailand's PM aimed for more Chinese tourists, but only a third are expected to visit this year, posing a challenge for the country's economy.

Mastercard predicts modest economic growth in Asia Pacific for 2024. Shift in consumer spending towards travel and entertainment expected.