World Bank Highlights Green Manufacturing as Key to Driving Thailand's 2.9% Economic Growth by 2035

The World Bank's February 2024 Thailand Economic Monitor report suggests that advanced green manufacturing is a potential pathway to revitalize Thailand's economic dynamics. By expanding into high-value, low-carbon industries such as electric vehicles, solar energy equipment, and energy-efficient electrical appliances, Thailand can increase productivity, create jobs, and adapt to changing global demand trends. The report predicts that the expansion of environmentally-friendly advanced manufacturing could potentially add 2.9% to Thailand's GDP by 2035, representing a crucial opportunity to transition from assembly to higher-value production.