Miti Stock – The Bank of Thailand or BoT indicates that the Thai economy grew in March in the next period, it can still grow from tourism and government spending.
Mrs. Pranee Suttasri, Senior Director of the Macroeconomic Department of the Bank of Thailand (BoT) released an overview of the Thai economy in March 2024, finding that the Thai economy grew this month due to domestic demand. and the tourism sector which decreased after accelerating a lot in the previous period
The first quarter of 2024 improved better than the previous quarter.
Meanwhile, the overall economy improved in 1Q24 from the previous quarter. But compared to last year, the growth rate is still low, around 1%, driven by the continued good tourism sector. As a result, the service sector and related employment has expanded, and private investment has improved following gradual investment in new industries.
Tourism and government spending help support
For trends in the next period The BoT believes that the Thai economy is growing from the main driving forces, namely tourism and government spending. But we must continue to recover exports However, the value of exports in March turned very negative. This is because last year’s base was high. This is as expected by the Monetary Policy Committee (MPC), but it is believed that exports will recover slowly and is not a cause for concern.
Follow the Stock Measurement channel to get capital market news at the link below.
web: https://www.mitihoon.com/
Facebook: https://www.facebook.com/mitihoon
Youtube: https://www.youtube.com/@mitihoonofficial7770
Tiktok: www.tiktok.com/@mitihoon
2024-05-01 12:54:57
#Bank #Thailand #Thai #economy #slowing #March #hopes #tourism #government #spending #support #Stock #Miti
