Thailand’s Finance Ministry revised its GDP growth forecast for the year to 2.8% from the previous 3.2% estimate in October. The ministry also adjusted its 2024 export growth estimate to 4.2% and import growth to 4% while predicting a lower headline inflation rate of 1%. The current account surplus estimate for 2024 was raised to USD 10 bln. Officials anticipate tourism growth to support the Thai baht, with an average exchange rate of 34.40 baht to the USD projected for the year.