Exports down 5.9% as household debt to GDP ratio stood at 90.6%
The Thai economy in May improved from the previous month as tourism gathered momentum and private consumption increased while exports remained weak, the Bank of Thailand (BoT) said on Friday.
]Economic activity was seen rising steadily with tourist arrivals still increasing, the BoT said in a statement. The BoT expects economic growth at 3.6% this year and 3.8% next year, with the tourism sector a key driver.
In May, Thailand recorded a…
