Bank of Thailand raises growth forecasts following tourism boom
The Thai economy is likely to expand 3.6% this year and 3.8% next year due to stronger-than-expected growth in the tourist industry, according to the Bank of Thailand (BOT).
It said the number of foreign tourists could hit 29 million this year and 35.5 million next year.
The rising number of tourists, which exceeds previous targets, as well as the policies of the next government could lead to greater economic growth, said Sakkapop Panyanukul, director of the economic and policy department of BOT.
The Nation Reporter
