Image from The Nation Thailand/ANN
BANGKOK (The Nation Thailand/ANN): Compared to its neighbours, the Thai economy has grown at a slower pace in recent times, well below its potential, analysts say. In the first quarter of 2024, it grew by 1.5% year-on-year, while in 2023, it expanded by just 1.9%.
This is not only a result of the global economic conditions but also due to the country's production structure, which has led to a decline in the competitiveness of Thai-produced goods on the global market, causing decreased exports and impacting overall GDP growth. Efforts have been made to target specific industries and promote the Eastern Economic Corridor (EEC) to attract investment but have yet to show palpable results.
