Furthermore, it is expected that inflation this year will significantly decelerate compared to last year — another plus for attracting expats.
“The measures taken by the government to help sustain and support the cost of living, along with the monetary policies of the Bank of Thailand, have significantly contributed to slowing down inflation this year when compared to the previous year,” Poonpong said.
“This has the potential to make Thailand an attractive destination for foreign retirees in the long term, as it offers financial stability and lower living costs. It also presents a significant opportunity for generating income for businesses related to the retirement and elderly care sector,” Poonpong added.
