Growth in Thailand s economy was likely subdued in the quarter through March despite solid tourist arrivals, hampered by weak exports and domestic demand, a Reuters poll of economists found. . -May 15, 2024 at 09:08 pm EDT
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Thai Q1 Economic Growth Likely Muted as Exports, Demand Falter usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Growth in Thailand's economy was likely subdued in the quarter through March despite solid tourist arrivals, hampered by weak exports and domestic demand, a Reuters poll of economists found. High household debt and borrowing costs hurt private consumption and customs-based exports fell in March for the first time since July 2023, dragging growth amid a slowdown in key trading partner China. Still, the government plans to implement a "digital wallet" stimulus policy this year - a cash handout to eligible adults - which is expected to boost the economy.
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