The baht has gained about 2.7% against the dollar so far this year, becoming Asia's second-best performing currency.
While export orders are declining as global demand slows, Arkhom said Southeast Asia's second-largest economy is underpinned by a rebound in the crucial tourism sector, which should see more than 20 million foreign tourist arrivals this year.The ministry forecast economic growth at 3.8% this year, up from estimated growth of 3.0% in 2022.Article type: free
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