21 May 2018
Thai Economy
The Thai economy in 1Q18 rose to a record 5-year high at 4.8 percent YoY, driven by booming export and tourism sectors. At the same time, housing spending began to show positive signs, picking up momentum from the previous quarter. Additionally, agricultural production has dramatically increased, becoming a major driver for GDP growth in 1Q18. ... Read more
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4 May 2018
KResearch thus expects that the number of Middle Eastern holidaymakers to Thailand will continue to shrink during the remainder of 2018. As a result, the number of Middle Eastern tourist arrivals will reach perhaps 7.58-7.79 million in 2018, shrinking 4.2-1.4 percent, against the 5.7 percent growth reported for 2017. It is expected that such tourists will spend around THB60.6- 62.5 billion, contracting 2.1-1.0 percent, versus the 8.3 percent growth recorded in 2017.... Read more
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