The World Bank has lowered its forecast for Thailand's growth rate next year to 3.6% -- 0.7 percentage points lower compared to its projections six months ago. The revised forecast reflects the faster-than-expected decline in global demand. For 2022, however, the World Bank expects Thailand's growth to reach 3.4%.This is in line with the Thai government's own projections, as it continues to rely on tourism and private consumption to drive growth.

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