Thailand anticipates its economy expanding by 3% in 2023

Danucha spoke at the ceremony and acknowledged that Thailand has been dealing with a difficult economic problem since since the pandemic broke out two years ago. Even if there is increased tension between Ukraine and Russia, the Office of the National Economic and Social Development Council anticipates a 3% growth in the Thai economy in 2019.

The Bank of Thailand and the Ministry of Finance were consulted over the Thai economy’s growth, and it was agreed by all parties that the economy will expand by 3% in 2023 and 3.7% in 2024. This information was made public by the council’s permanent secretary. He continued by saying that the conflict between Ukraine and Russia has made the situation outside of Thailand much more problematic. The 51-year-old yesterday participated in a special discussion called “Stronger Thailand” that was organized by the daily Matichon in Thai. Thailand can develop despite the rough economic waters the globe is currently navigating, according to the permanent secretary of the council, Danucha Pitchayanan.

According to Danucha, fuel costs around 65 baht less in Thailand than it does in Singapore because Thailand’s cabinet took action to control prices, but Singapore allowed prices to rise in line with market trends. Eight of the proposals put forth by the government to lower living expenses were adopted by the cabinet on June 21 in an effort to address the rise in fuel and gas prices.

According to Danucha, there are chances for the nation to export food and draw more tourists. Around 7 million to 10 million people are anticipated to travel this year. However, Dancha asserts that if Thailand adopts the proper stance and is prepared to work with any nation on the international stage, it can get through this challenging time.