Thailand's Finance Ministry raises GDP growth forecast for 2024 to 2.7% due to higher foreign tourist arrivals and exports.

Thailand's Finance Ministry raised its GDP growth expectations for 2024 to 2.7% from 2.4%, due to increased foreign tourist arrivals and exports. The ministry now expects 36 million foreign arrivals, with tourists expected to stay longer and spend more due to relaxed visa requirements. The Thai economy expanded by 1.9% in 2021, slower than expected and less than the 2.5% growth in 2022.

July 26, 2024
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