Logically, one would imagine that 2023 would be a much better year than 2022. Covid is over in every corner of the earth and economic activities resume. The world oil price is below US$80 (2,677 baht) per barrel and inflation is coming down. At the first meeting of 2023, the Fed raises interest rates to merely 25 basis points as opposed to the 50-75 basis points for each meeting in 2022.
Best news of all, China, the world's second largest economy, abolishes its zero-Covid policy and opens its economy for free consumption and travel. Even without Chinese tourists, there were 2.24 million tourists spending money in Thailand in December 2022. With Chinese tourists, the economy will be rolling in tourist money.
