Analysts predict that China’s economic stimulus measures will spur an increase in Chinese tourists visiting Thailand, potentially driving the Thai economy to achieve a growth rate of at least 3% this year.
ASPS noted that “China’s consumption is recovering, which will support economic recovery. This should also boost Thailand’s economy, since China is Thailand’s largest trading partner and more Chinese tourists will visit Thailand.”
With Thailand also set to launch additional economic stimulus measures, it is predicted that the nation’s 2024 GDP growth rate will reach between 2.5% and 3.0%.
