It must address challenges such as an over-reliance on traditional industries, high household debt and a rapidly ageing population
[BANGKOK] Hopes that Thailand’s newly elected Pheu Thai Party government, led by de facto leader Thaksin Shinawatra and his daughter Prime Minister Paetongtarn Shinawatra, would usher in a new era of rapid economic growth have largely faltered in 2024.
Despite early expectations for a surge in development, Thailand’s economic growth has remained subdued, with gross domestic product projections of just 2.6 per cent.
This reflects a modest performance similar to the previous five years. It is slightly above the growth of 1.9 per cent in 2023 – when a general election was held in May.
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