In this file photo taken on Feb 13, 2023, tourists pose on Mai Khao Beach as a plane lands at Phuket International Airport in Phuket province. (AFP)
Thailand’s economy grew 2.7% in the first quarter thanks to a steady tourism recovery and strong consumer confidence that offset sluggish exports, officials said Monday.
The reading came a day after the country went to the polls and declared little faith in the economic management of incumbent Prime Minister Prayut Chan-o-cha, rejecting almost a decade of military-backed rule.
Southeast Asia’s second-largest economy has suffered a patchy pandemic recovery but the National Economic and Social Development Council expects the economy to grow between 2.7 and 3.7% this year.
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