Figures
Thailand Investment Figures Q4 2023
February 19, 2024 10 Minute Read
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In Q4 2023, the Monetary Policy Committee (MPC) voted unanimously to maintain the policy rate at 2.50%. The Bank of Thailand (BoT) adjusted the 2023 gross domestic product (GDP) growth forecast downward to 2.4% from 2.8%, due to weak demand.
However, the BoT raised the forecast for GDP growth in 2024 to 3.2%. The BoT expects that GDP in 2024 will recover, driven mainly by domestic demand, tourism recovery, private consumption and merchandise exports.
During Q4 2023, 14 new joint-venture projects were publicly announced, 11 of which were from Origin Property Public Company Limited. The majority of joint-venture projects in Q4 2023 focused on residential development.
Additionally, two REIT expansions were reported in Q4 2023 from LH Hotel Leasehold REIT (LHHOTEL) and WHA Premium Growth REIT (WHART).
However, the BoT raised the forecast for GDP growth in 2024 to 3.2%. The BoT expects that GDP in 2024 will recover, driven mainly by domestic demand, tourism recovery, private consumption and merchandise exports.
During Q4 2023, 14 new joint-venture projects were publicly announced, 11 of which were from Origin Property Public Company Limited. The majority of joint-venture projects in Q4 2023 focused on residential development.
Additionally, two REIT expansions were reported in Q4 2023 from LH Hotel Leasehold REIT (LHHOTEL) and WHA Premium Growth REIT (WHART).