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Bangkok Post
Bangkok Post
Business

Economy picks up as tourism, spending rise

Economy BoT Bank of Thailand Thailand
People visit the 27th Saha Group Fair on Thursday. The event brings a wide range of consumer products and is held at Bitec Hall 98-100 in Bang Na district, Bangkok, until Sunday. (Photo: Somchai Poomlard)

The Thai economy in May improved from the previous month as tourism gathered momentum and private consumption increased while exports remained weak, the Bank of Thailand (BoT) said on Friday.

Economic activity was seen rising steadily with tourist arrivals still increasing, the BoT said in a statement. The BoT expects economic growth at 3.6% this year and 3.8% next year, with the tourism sector a key driver.

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