Thai economy improved in October on tourism, consumption and exports

Quick Summary:

Thailand's economy improved in October due to tourism, exports and private consumption, which was helped by the government's economic stimulus measures, the Bank of Thailand (BoT) said on Friday.

It also raised its 2024 GDP growth forecast to 2.7% from 2.6%, but trimmed its 2025 growth outlook to 2.9% from 3.0%.

The BoT cut its policy interest rate by 25 basis points to 2.25% in a surprise decision at its Oct 16 review.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Tourism Billion Economy October Driver Exports Rose Private Surplus Increased Thailand

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 15:05:00 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 271 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23940727

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 20 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 2 hours ago

Coverage Areas: Thailand

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Publisher ID: #66

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