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During 2021-2023, overall revenue of digital services and software industry is forecast to rise at an annual average of 10.5%. The industry will be buoyed by the widespread embrace of private sector’s strategies centered on digital transformation1/ by companies looking to meet consumer’s specific demand. In addition, the emergence of a post-pandemic ‘new normal’ is also likely to result in a greater share of business online transactions. However, new players will be increasingly attracted into the market to develop a range of new platforms, competition will stiffen.
During 2023-2025, overall revenue to this business has a potential to grow further for every group of segments especially for digital services business that is forecast to be a main driver of overall performance.
Major central banks are expected to hold rates this week. Moody’s has upgraded Thailand’s rating outlook to Stable.
Escalating trade wars and political tensions weigh on global economy. In Thailand, risks to economic growth expected to support policy rate cuts.
IMF sees big challenges for the global economy, shaped by lingering effects of the Russian-Ukraine war, a cost-of-living crisis, and economic slowdown in China
Global growth is slowing down; IMF slashed global growth outlook amid higher inflation, rising interest rates, Ukraine war, and China’s strict covid policy
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