InfoQuest (June 2, 2022) - Mr. Sanan Angubolkul, Chairman of the Thai Chamber of Commerce and Board of Trade of Thailand announced that despite the slowdown of the global economy, rising costs and rising inflation, tourism recovery and export expansion will drive Thailand's economy in the remaining months of the year. Therefore, Thailand maintains its forecast for 2.5 to 4.0 percent GDP growth, 3.0 to 5.0 percent export growth this year and 3.5-5.5 percent headline inflation.
Overall, exports rose 9.9 percent in April, with international transport, logistics and supply holding up well. On the other hand, transportation costs remain high due to higher energy prices. However, due to the government incentives such as the opening policy, the tourism recovery will boost Thailand’s economy.
Source: InfoQuest, by Tanawat Suayaem/Rachada Kongkhunthian, translated by Xinhua Silk Road
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