Countries whose economies are still floundering are also being closely watched. They include China, yet to fully recover from the effects of the pandemic, as well as Vietnam and Cambodia. Vietnam is still facing problems in the real estate sector while Cambodia’s economy is tied to China.
Nevertheless, the overall economic outlook in Thailand seems to be improving. This is attributed to the government’s policies that have seen investment budgets approved. Tourists are expected to return in greater numbers, and foreign investments, as encouraged during Prime Minister Srettha Thavisin’s overseas trips, are expected to increase. The domestic interest rates are also being closely monitored to see if they will decrease. Foreign interest rates have already begun to decline.
Meanwhile, the Federation of Thai Industries’ chairman Kriengkrai Thiennukul stated that the current…
