Thailand’s economy continued to recover in July, albeit at a slower pace, central bank data shows

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By Erich Parpart

The Thai Economy continued to recover in July but at a slower pace because of the slowdown in domestic consumption from a higher cost of living coupled with drops in private investment, exports and public spending when compared to the previous month, the Bank of Thailand (BoT) said.

 

However, the service sector continued to improve from increases in foreign tourists, manufacturing production also improved from more supply.

 

“Indicators of private consumption and private investment declined slightly after accelerating in the preceding periods while higher living costs are also adding pressure on consumption while exports also declined in line with lower trading partners’ demand,” said Chayawadee Chai-Anant, senior director of the economic and policy department at the BoT.

 

Full story: https://www.thaienquirer.com/43590/thailands-economy-continued-to-recover-in-july-albeit-at-a-slower-pace-central-bank-data-shows/

 

-- © Copyright Thai Enquirer 2022-09-01

 

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[ozz1]

With the baht exchange i can not see it recovering anytime soon exports down tourists down but the Indians will save the day time to dip into the reserves

[sscc]

Well done Thailand 

[Cake Monster]

Read as

" The wheels have started to come off "

[hotchilli]

1 hour ago, sscc said:

Well done Thailand 

Thai people are doing their best under the present regime... 

[zzaa09]

July of 2032.....