BANGKOK: Thailand’s record tourist arrivals and public works spending are expected to offset weak domestic demand and global economic drag, keeping South-East Asia’s second-largest economy on course for 3.1% growth this year, the central bank governor told Reuters in an interview.
The trade-dependent economy has been hit hard by the deteriorating global economic environment and the slowdown in demand for exports, which the Bank of Thailand (BoT) expects to decline for the fourth consecutive year in 2016.
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