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Thai economy to grow 3.8% this year, inflation to ebb: Finance minister

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BANGKOK: Thailand's economy is expected to grow 3.8 per cent this year, helped by a rebound in the vital tourism sector, while inflation should cool to its target range, the finance minister said on Saturday (Feb 25). Domestic spending has increased and the government will accelerate large project investme

BANGKOK: Thailand's economy is expected to grow 3.8 per cent this year, helped by a rebound in the vital tourism sector, while inflation should cool to its target range, the finance minister said on Saturday .

The finance ministry has forecast 27.5 million foreign tourist arrivals this year, after Thailand beat its forecast in 2022 with 11.15 million visitors. There were nearly 40 million foreign tourists in pre-pandemic 2019.

 

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