Analysis by Region - Asia Pacific - Thailand

Analysis by Region - Asia Pacific - Thailand

We've left our 2022 Thailand GDP growth forecast unchanged at 3.6% as reopening tailwinds, including an easing in regional international travel restrictions, will support domestic demand and a solid recovery in service-sector activity. Indeed, tourism will support overall employment and household spending over the next two years. We still expect GDP growth to rise in 2023, but we've lowered our projected expansion by 0.3ppts to 4.2%, following downgrades to our US and European economic forecasts.