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Economics

853 posts
chinesetourist

Thai Economy to Accelerate in 2023 on the back of tourists return

The tourism sector is expected to continue to strengthen, with the number of tourist arrivals projected to reach 29 million this year and 35.5 million in 2024.
tourist chiangmai

World Bank raises Thailand growth forecast to 3.9%

Thailand also faces structural headwinds including an aging population, climate pressures, declining export competitiveness, and high household debt.
street life shophouse

Thai Inflation Falls for Fifth Straight Month

Thailand’s inflation rate fell for the fifth straight month in May amid lower electricity and fuel prices. However, experts warned that inflation could rebound due to a possible increase in minimum wages and the upcoming drought season.
Shanghai skyline

Thailand’s GDP to grow 3.9% in 2023 says World Bank

The EAP region’s GDP is predicted to accelerate to 5.5% in 2023, with a comeback in China balancing sluggish growth in a number of other economies. Growth in the EAP is predicted to drop to 4.6% and 4.5% in 2024 and 2025, respectively, as China’s economy slows and the rest of the region experiences largely stable growth.
export china cargo port

Thailand’s exports to increase slightly by 1% in 2023

Exports, a major factor in Thai growth, may decline by 5% to 6% in the first half of the year compared to the same period last year before rebounding in the second, the council predicted in a statement.
export china cargo port

Thailand’s export down by 7.6% in April for seventh consecutive month

Thailand’s export contraction for seven consecutive months poses a challenge for the new government due to a global economic slowdown. The decline was far more than the 2% fall forecast in a Reuters poll of economists, and came after a 4.2% drop in March.
1000baht stash

Household debt surges to 87% of GDP in Q4 2022

Household debt is not only a problem for individuals, but also for the whole economy. It reduces domestic demand, which is a key driver of growth. It also increases financial vulnerability, as households may default on their loan
marketworker2

Thailand’s Unemployment Rate Hits Three-Year Low in First Quarter

Thailand’s unemployment rate hit a three-year low in the first quarter of 2023, the state planning agency said on Monday. The rate fell to 1.05% from 1.15% in the previous quarter, as the economy continued to recover from the COVID-19 pandemic.