Thailand's economy grew 2.3% in Q2, driven by exports, but tourism slowed due to a strong baht.
In August, Thailand's economy showed stability with a 2.3% growth in the April-June quarter, driven by an 11.4% rise in exports and a trade surplus of $2.4 billion. However, tourism slowed due to decreased arrivals, influenced by a strong Thai baht, which is affecting affordability for travelers. The central bank maintained interest rates at 2.50% and forecasts a 2.6% growth for the year, despite uncertainties in fiscal policy and global economic conditions.
September 30, 2024
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