The gross domestic product (GDP) is expected to grow by 3.6% this year, according to the Bank of Thailand (BoT).
The governor of the BoT, Sethaput Suthiwartnarueput, stated that the Thai economy is improving. The central bank anticipates 2.9% GDP growth in the first half of this year compared to the same period last year, with an expected 7.1% year-over-year decline in exports.
The second half of this year is expected to see economic growth of 4.3%, primarily as a result of increasing private consumption and foreign arrivals.
According to him, 28 million foreign visitors are anticipated for the entire year. Exports should increase by 42% in the second half.
