Krungsri Research

Krungsri Research's Forecast

FORECASTS 2023 2024F 2025F
GDP Growth
YoY(%)
1.9 2.7 2.9
Private Consumption Expenditure
YoY(%)
7.1 4.8 3.0
Government Consumption Expeniture
YoY(%)
-4.6 2.0 2.2
Private Investment
YoY(%)
3.2 -1.5 2.9
Public Investment
YoY(%)
-4.6 2.5 5.8
Normal Exports in USD (f.o.b)
YoY(%)
-1.5 3.9 2.7
Normal Import in USD (f.o.b)
YoY(%)
-3.8 4.7 3.5
Current Account Balance
USD, bn
7.4 9.0 10.5
Tourist Arrivals
Mn, persons
28.2 35.6 40
Headline Inflation
YoY(%)
1.2 0.4 1.0
Policy Interest rate (end of period)
(%)
2.50 2.25 2.00
Dubai crude price (period average)
USD/bbl
82 80 78
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