A higher risk of slowing exports amid a global economic slowdown will pressure Thai economic growth this year, despite positive growth of the tourism sector, says an executive of the Bank of Thailand.
Even though the tourism recovery is a key factor supporting economic expansion in 2023, Thailand’s economy will feel the pressure from the export slowdown, said Chayawadee Chai-Anant, assistant governor of the central bank.
As a result, it will continue to monitor all factors and economic data that benefit and impact the country’s growth this year, Ms Chayawadee said.
Exports contribute 53% to GDP, while the tourism sector accounts for around 11-12%, she said.
Foreign tourist arrivals have been on the increase, while there has been a slowdown in exports.
But the International…
