Thailand to post GDP growth of 3.2% in 2022 and 4.5% in 2023 (Fitch)
Thailand’s economic recovery is strengthening, although rising inflationary pressures and slower global growth pose risks to the near-term rebound, according to Fitch Ratings’ analysts at its 2022 Thailand Sovereign and Bank Outlook Webinar.
Thailand’s Fastest-Growing Industries as the Nation Makes a Comeback
Tourism is being enabled greatly by foreign tourists being given a quarantine waiver, with an anticipated 5.5 million people set to visit the country this year. It’s an increase on the initial forecast, but still short of 2019’s 40 million foreign tourists.
Thailand’s durian producers chase sweet smell of success
While durian’s flavor and creamy texture has made it very popular throughout Southeast Asia and China, its strong odor also has gained it many detractors, and many hotels in Thailand ban durians because of its notorious smell.
Vietnam, China and Thailand are Cambodia’s top three export destinations
Cambodia’s total export to the Regional Comprehensive Economic Partnership (RCEP) member countries amounted to $1.95 billion in the first quarter of 2022, up 11 percent from $1.75 billion over the same period last year, a Ministry of Commerce’s data showed on Thursday.
Global merchandise trade exceeds pre-COVID-19 level
Global merchandise trade exceeds pre-COVID-19 level, but services recovery falls short. UNCTAD nowcasts show that trade in services has not yet reached its pre-pandemic level, while merchandise trade is projected to have surpassed it by 15%.
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