Low spending tourists and slowing export growth but ‘intact’ economic recovery stays on track
Thai Examiner - Thailand's news for foreigners by Thai Examiner
Episode notes
A volatile currency market, a slowing world economy amid war in Europe and raised geopolitical tensions as well as a brush this week with political uncertainty means that Thai policymakers must be constantly on guard even to achieve the paltry 3% to 3.5% growth that is being pursued this year. A very comfortable foreign exchange reserve level has, so far, protected the kingdom but even this has been falling since March.
Joseph O' Connor reports from Bangkok.
Keywords
low tourist spend and slowing export growthamid political turmoil officials underscore kingdoms recovery remains intact despite slowing export growth and lower tourist spending