The Bank of Thailand’s policy consideration is focused on ensuring a smooth landing for the economy as tourist spending and exports have been lower than expected, according to the central bank governor.
Speaking yesterday at the Thailand Focus 2023 conference, Sethaput Suthiwartnarueput said the economic recovery is continuing, though tourism spending and exports are weaker than anticipated.
The tepid tourist spending is attributed to the slow recovery of the Chinese market.
The forecast for arrivals remains 29 million for this year, rebounding towards the nearly 40 million recorded in 2019, but visitors from new source markets are spending less than those travelling from the mainland, he said.
“The economy…
