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Thai economy sees growth boosted by tourism revival

November 21, 2022
Source: theonlinecitizen.com theonlinecitizen.com
News Snapshot:
BANGKOK, THAILAND — Thailand’s economy enjoyed healthy expansion in the third quarter, officials said Monday, with the return of international tourists helping to offset persistently high inflation. Southeast Asia’s second-largest economy was battered by the pandemic, but the kingdom’s reopening earlier this year saw the service sector record an 87 per cent year-on-year increase, official data showed. Thailand’s National Economic and Social Development Council (NESDC) recorded a 4.5 per cent year-on-year rise in gross domestic product in July-September, projecting this year’s overall growth at 3.2 per cent while forecasting 3.0/4.0 per cent for 2023. “The service sector continues to grow...
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