Thai economy has potential to grow 3.5% per year, finance minister says

Thailand's economy has the potential to grow by 3.5 percent per year, Finance Minister Arkhom Termpittayapaisith said on Thursday, January 19, 2023.

The minister said that the growth will be driven by the tourism, manufacturing, and service sectors.

He also said that the government is implementing a number of measures to support economic growth, including increasing public investment, promoting private investment, and improving the business environment.

The minister's statement comes as Thailand is facing a number of economic challenges, including rising inflation, a slowing global economy, and the impact of the COVID-19 pandemic.

However, the minister said that he is confident that the Thai economy will be able to weather these challenges and achieve its growth potential.

Here are some of the key points from the minister's statement:

• Thailand's economy has the potential to grow by 3.5 percent per year.
• The growth will be driven by the tourism, manufacturing, and service sectors.
• The government is implementing a number of measures to support economic growth, including increasing public investment, promoting private investment, and improving the business environment.
• The minister is confident that the Thai economy will be able to weather the current challenges and achieve its growth potential.

The minister's statement is a positive sign for the Thai economy. It shows that the government is committed to supporting economic growth and that it is confident in the economy's prospects for the future.