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Bangkok Post
Bangkok Post
Business

Tourism jump to power growth to 5-year high in 2023: Prayut

Overseas tourists stroll on Walking Street in Pai, Mae Hong Son province, on July 29, 2022. (Photo: Dave Kendall)

A faster-than-expected rebound in international visitors is putting Thailand’s economy on course to return to pre-pandemic growth by next year, according to the prime minister.

The economy will expand by 4.2% in 2023, on top of forecast growth of 3.3% this year, Prime Minister Prayut Chan-o-cha told a press briefing after the weekly cabinet meeting. That would match the pace in both 2017 and 2018, which represent the highest over the past decade, according to data compiled by Bloomberg.

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