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Bangkok Post
Bangkok Post
Business

China reopening ‘not enough’ to power Thai growth to 4% in 2023

FILE PHOTO: Chinese tourists watch a traditional Thai dance at Erawan shrine, a popular spiritual landmark in Bangkok, on Jan 27, 2020. (AFP)

An upswing in tourism from China’s reopening will help boost Thailand’s economy, but isn’t sufficient to restore growth to pre-pandemic levels just yet, according to analysts.

The country’s gross domestic product will probably expand 3.7% this year, according to the median estimate in a recent Bloomberg survey of economists. While that will make it the fastest expansion in five years, it’s still a long way off from the 4.2% growth seen in 2017 and 2018.

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