Fitch keeps Thailand’s ratings (IDR) unchanged at ‘BBB+’ with a Stable Outlook
Fitch forecasts Thailand’s GDP growth will accelerate to 3.8% in 2024 after a weaker expansion than expected of 2.8% in 2023, supported by a steady tourism recovery, strengthening merchandise exports, higher domestic demand from public spending, and supportive policy settings.
Thailand Records Over 22 Million Foreign Tourists in past 10 months
The top five source countries for tourists were Malaysia, China, South Korea, India, and Russia. Authorities believe that the number of arrivals will continue to increase as the visa-free policy attracts visitors with high potential.