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Bangkok Post

Business

BoT sees strong GDP growth in Q1

GDP Bank of Thailand Chayawadee ChaiAnant United States

People visit Thailand Mobile Expo 2023. The event was held at Queen Sirikit National Convention Center, Bangkok, in February. (File photo)

The Bank of Thailand (BoT) believes gross domestic product (GDP) growth in the first quarter should beat the previous quarter thanks to continued recovery supported by private consumption and tourism.

According to BoT assistant governor Chayawadee Chai-Anant, the economy is steadily recovering and first-quarter growth should improve on both a quarterly and yearly basis, bolstered by domestic consumption and tourism.

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