Prime Minister Srettha Thavisin welcomes Chinese tourists upon arrival at Suvarnabhumi airport, following the passage of visa exemptions in September. The Chinese market is key to exceeding arrival forecasts in 2024, according to the Association of Thai Travel Agents.
With 2024 around the corner everyone is hoping for a better year.
Yet Thailand’s economic outlook is murky. The World Bank recently slashed the country’s GDP growth estimate for this year down to 2.5% from 3.4% in an earlier forecast, citing weak exports and the ongoing fiscal consolidation.
GDP in 2024 is now anticipated to expand by 3.2%, down from 3.5%…
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