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Friday, March 29, 2024

Thai growth to exceed 3% in 2023 according to business owners

BANGKOK (NNT) – According to a survey conducted by the University of Thai Chamber of Commerce’s (UTCC) Institute of Trade Strategies, business owners are optimistic about Thailand’s economic growth prospects this year.

Chinese tourists boost expected

The poll found that business operators expect the economy to grow by over 3% in 2023, driven by an expected increase in the number of Chinese tourists visiting the kingdom and money circulation from the general election.

The survey involved business operators nationwide, 76% of whom run small businesses in various sectors, including services, trades, industries and agriculture. Respondents indicated that their business performance was similar to that of last year, but they expect prospects to improve within the next six months, ultimately returning to pre-pandemic levels.

The further easing of the disease control restrictions has…

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