• About WordPress
    • WordPress.org
    • Documentation
    • Learn WordPress
    • Support
    • Feedback
  • Log In
Skip to content

K-dal

The latest update for the world of entertainment information

Menu
  • Balita
    • balita sa media
    • mundo
    • Teknolohiya ng Enterprise
  • Aliwan
    • Sa Ibang Media
  • Palakasan
    • Football
    • Motorsport
  • Pelikula
  • negosyo
Menu

Thai economic recovery on track but exports weigh

Posted on September 1, 2023 by 2wtg9

BANGKOK: Thailand’s economic recovery remained on track in July as private spending increased and the tourism sector expanded on higher foreign tourist arrivals, while exports declined, according to the central bank.

Economic activity going forward would mainly rely on tourism as exports, a key driver of growth, were not expected to improve until the final quarter of 2023, Sakkapop Panyanukul, a senior director at the Bank of Thailand (BoT), told a briefing yesterday.

For August and the rest of the year, the BoT would monitor a slowdown in trading partners, policies of the incoming Thai government and the impact of El Nino weather patterns on the production and price of farm products, he said.

The BoT is likely to reduce its 3.6% economic growth forecast for this year after a weaker-than-expected second quarter, Sakkapop said. This month, the BoT governor also flagged an outlook downgrade, which will be published in September.

Sakkapop, however, said there should not be a “scary” outlook reduction as tourism was still recovering.

The BoT has predicted 29 million tourist arrivals this year, compared with nearly 40 million visitors in pre-pandemic 2019.

South-East Asia’s second-largest economy grew 1.8% in the April to June period on the year and 0.2% on the quarter, sharply slowing from the previous quarter’s 2.6% and 1.7%, respectively, as exports slumped.

The economy has wobbled from slowing global growth and falling investor confidence due to prolonged political uncertainty following elections in May.

A new government is, however, expected to start work soon as Prime Minister Srettha Thavisin is set to finalise his cabinet in the coming days before it is sent for royal approval. — Reuters

See also  Wall St to inch up at open as economic data fuels Fed rate-pause hopes

Source link

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

taledor news

Recent Posts

  • Singapore launches tropical climate data centre test bed – Data Centres
  • Canada’s labor markets soften further in November
  • Wind power players asking Japan to scale up offshore auctions
  • Football: Soccer-Messi focused on Copa America title defence, not long-term Argentina future
  • Motorsport: Motor racing-Williams confirms Sargeant for 2024 F1 season
taledor

Categories

  • Aliwan
  • Balita
  • balita sa media
  • Football
  • Motorsport
  • mundo
  • negosyo
  • Palakasan
  • Pelikula
  • Sa Ibang Media
  • Teknolohiya ng Enterprise
  • Uncategorized

jere

google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book
google book

©2023 K-dal | Design: Newspaperly WordPress Theme