Bumpy road to recovery

Published by
The Bangkok Post

Even as Thailand continues on its path to economic recovery in the fourth quarter, buoyed by tourism and domestic consumption, businesses are still unnerved by pressing challenges, including high inflation, a weaker baht, surging energy prices and flooding, which could hamper the rebound. Tourism is perceived as one of the few engines pushing recovery this quarter, driven by the high season, with foreign arrivals expected to reach 9.5 million this year and surge to 21 million next year, based on the Bank of Thailand’s estimate. The central bank predicts GDP to grow 3.3% this year compared with…

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