bangkok feb 22 reuters  digital and disruptive technologies and development of a circular economy can earn thailand up to 34 billion each year in additional investments savings and revenue the world bank said on tuesday thailand a 544 billion economy before the pandemic hit needs an innovationled growth model and to address existing foreign investment constraints to create better jobs and become a highincome country it said in a statement adopting a circular economy which involves producing leasing repairing upgrading and recycling as much as possible could generate as much as 16 billion of cost savings and additional revenue for the private sector especially for agriculture construction and electronics the bank said an additional 18 billion a year could be generated from accelerating use of digital technology it added mostly from new investments and expansion of sectors where thailand is wellpositioned like ecommerce and fintech with covid19 digital and disruptive technologies have been key in keeping businesses afloat thai finance minister arkhom termpittayapaisith was quoted as saying in the world bank statement the tourism and consumptionled economy southeast asias second biggest after indonesia grew 16 last year among the slowest in the region and the government predicts growth of 3545 this year read more strengthening structural reforms will boost businesses and promote investments in digital innovation and circular technology the world bank added