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Saturday, May 4, 2024

Agencies predict economic uptick

Influx of tourists drives outlook

The busy departures hall at Suvarnabhumi airport on Monday ahead of the Songkran festival. A few agencies say the country’s economic growth has been bolstered by the recovery of the tourism industry. Wichan Charoenkiatpakul

Prime Minister Prayut Chan-o-cha is feeling upbeat regarding Thailand’s economic recovery, citing the forecasts of several reputable economic agencies including the Asian Development Bank (ADB) and Japan Center for Economic Research (JCER) that anticipate a rebound in 2023 and 2024.

According to government spokesman Anucha Burapachaisri, Gen Prayut credits the agencies for the evaluation and Thais for collaborating to restore the country’s…

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