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Thai economy continues to recover in June

The Thai economic recovery remained on track in June, with the tourism sector expanding on higher foreign tourist arrivals and exports decreasing, according to the Bank of Thailand (BoT).
Thai economy continues to recover in June ảnh 1Tourists in Bangkok, Thailand (Photo: AFP/VNA)
Bangkok (VNA) – TheThai economic recovery remained on track in June, with the tourism sectorexpanding on higher foreign tourist arrivals and exports decreasing, accordingto the Bank of Thailand (BoT).

Thailand recorded a currentaccount surplus of 1.4 billion USD in June, after a deficit of 2.8 billion USD inMay, the BoT said. Exports, a key driver of growth, dropped 5.9% year-on-yearin June, the same pace as in May.

In the first six months, Thailand welcomed 12.9 million foreign visitors.

In the second quarter of2023, Southeast Asia's second-largest economy displayed a moderate improvementfrom the previous quarter as foreign tourist numbers increased and the serviceand private consumption expanded, the central bank said.

The Tourism Authority of Thailand (TAT) estimated that next year, the country willhost 25.8 million foreigners, who participate in short-term tourism programmesand contribute 1.2 trillion THB to its total tourism revenue./.
VNA
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