Bangkok, TFEX organized a seminar 'Seize the opportunity to make profits. Strengthen your portfolio with TFEX.' Analysts expect Ditigal Wallet to support 2024 GDP growth of up to 4%, indicating two rounds of government budgets will help stimulate the 2024 economy. Thailand Futures Exchange Public Company Limited or TFEX organized a special seminar to celebrate the Year of the Golden Dragon. 'Seize the opportunity to make a profit. Strengthen your portfolio with TFEX' rich content Both economic and investment trends for 2024 on the 3rd floor of the Stock Exchange, Ratchadaphisek Road, received the attention of many investors, many of whom attended the seminar. Mr. Kornpat Worachet, Senior Director Chief strategist of Krungsri Patanasin Securities said in the seminar that in 2023 the Thai economy will adjust its GDP numbers every quarter and it is expected that the 4th quarter numbers will be lower than expected, while in 2024 Consider that various important central banks We have controlled inflation and are preparing to return to monetary easing and lower interest rates. It is seen that the 10-year US bond has passed its highest point since October 2023. It is expected that the GDP in 2024 of Asian countries will grow in the range of 2-6.3%, higher than developed countries which grow only 0.5-. 1% Among the issues to watch in 2024 include China's economy. It was found that China's manufacturing sector has recovered to be above the pre-COVID-19 average level. While the consumption sector is still recovering below the average during the same period, the slow recovery of the consumption sector is a factor weighing on the Chinese economy. In addition, China has continued to stimulate the real estate sector in the past year. However, prices of newly built houses continue to decline, reflecting risks in the real estate sector. There are also negative factors from Protracted tensions in the Red Sea As a result, the volume of transportation through the Suez Canal has continued to decrease. If prolonged, it may hinder the recovery of the world economy and support crude oil prices, including the El Niño phenomenon. The temperature around the world tends to increase and this year There is a chance that temperatures will hit a record higher than last year. May cause many places around the world to experience drought. Affecting agricultural production is likely to cause the prices of soft commodities to rise and may be a factor in stimulating the risk of inflation from food prices returning again. for domestic factors It is seen that consumption will grow better from the government's economic stimulus measures. Tourism is accelerating Look at the numbers of Chinese tourists traveling to Thailand in December and January-January that have increased. And there is a chance that the Bank of Thailand (BoT) will adjust the policy interest rate faster than the market expected after Real Yield has been positive for 7 months. It is estimated that the Digital Wallet policy will be an important measure to help stimulate consumption in 2 024 and it is expected that if the Digital Wallet measure is included, it will result in GDP in 2024 increasing by approximately 0.5 - 0.6% from the original expectation. 3.5% Another thing that has been missing for a long time in Thailand. It is a long-term fund with a chance of increasing returns, the TESG Tax Deduction Fund, which provides a tax deduction of up to 30% of net income or not more than 100,000 baht and has a project duration of up to a year. 2032 will help support the Thai stock market. which has lacked support from fund groups for a long time, the LTF tax relief fund has run out Mr. Charanwet Saksri, Director of Investment Advice, Classic Ausiris Securities Co., Ltd., said that the government budget disbursement This year there will be 2 occasions which will cause exponential growth. GDP may move up to 3.76%. However, it is seen that the government sector should have small measures to stimulate the economy. in order to have money flow into the system And if the large-scale measures currentl y in place cannot be continued You should look for alternative sources of funds that will go into the system. Factors supporting investment this year In addition to government measures Still think that last year the global stock market recovered. Except for the Hong Kong and China markets, which shrank. which has recently tended to bounce back It should have a positive effect on the Thai stock market as well. Source: Thai News Agency