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Bangkok Post
Bangkok Post
Business

Apec, China reopening could boost growth to 4%

Thailand's economy is expected to grow by 3-4% next year, growth supported by the tourism industry and as an outcome of the Asia-Pacific Economic Cooperation (Apec) summit, a seminar was told.

Sanan Angubolkul, chairman of the Thai Chamber of Commerce, on Saturday gave a keynote speech during a seminar entitled "Connect the dots: Enhancing Thailand Competitiveness" in Ubon Ratchathani.

Mr Sanan said he regarded this year as a challenge for the economy as the country faced crises brought about by the Covid-19 pandemic and the Russia-Ukraine conflict, which has hit economic growth across the board. However, Mr Sanan is confident GDP will grow 3-4%, while export growth will rise to 3-5% following news that China will reopen its country by the middle of next year.

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