World Bank Slashes Thailand Growth Forecast for 2024 Amid Global Headwinds
- World Bank cuts Thailand's 2024 economic growth forecast to 2.8% from 3.2% previously
- Export growth expected to slow due to global trade slowdown
- Delayed government budget slowed public spending and investments
- Tourism and private consumption will be main growth drivers
- Government's 500B baht "digital wallet" scheme could boost growth but increase public debt
