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Bangkok Post
Bangkok Post
Business

Thai economy to grow 3% this year, 3.7% next year - state agency

Tourists and locals shop at Cicada market in Hua Hin, Prachuap Khiri Khan province, on May 14, 2022. (Photo: Varuth Hirunyatheb)

Thailand's economy is expected to grow by 3% this year and 3.7% next year, driven by exports, increased domestic demand and a recovery in tourism, the state planning agency said on Wednesday.

Exports, a key driver of growth, still had momentum despite the impact of Russia's invasion of Ukraine on the global economy, Danucha Pichayanan, head of the National Economic and Social Development Council (NESDC), told a business seminar.

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