BANGKOK: Thailand’s economy is expected to grow 2.2 per cent this year, slightly higher than a previous forecast of 2.1 per cent, the finance ministry said on Wednesday.
Exports, a key driver of Thai growth, are expected to rise 5.5 per cent this year, up from an earlier forecast of 2.3 per cent, Pornchai Thiraveja, head of the finance ministry’s fiscal policy office, told a press conference.
Foreign tourist arrivals were seen at 34.5 million, down from 36.5 million in the May forecast.
Southeast Asia’s second-largest economy expanded 2.5 per cent last year, lagging peers.
