Apec, China reopening could boost growth to 4%Thailand's economy is expected to grow by 3-4% next year, growth supported by the tourism industry and as an outcome of the Asia-Pacific Economic Cooperation (Apec) summit, a seminar was told. Mr Sanan said he regarded this year as a challenge for the economy as the country faced crises brought about by the Covid-19 pandemic and the Russia-Ukraine conflict, which has hit economic growth across the board. However, Mr Sanan is confident GDP will grow 3-4%, while export growth will rise to 3-5% following news that China will reopen its country by the middle of next year. China's reopening will result in an increase in foreign tourists in Thailand, doubling the number from this year to 20 million tourists. The chamber will expedite planning for the Bio-Circular-Green (BCG) Economy model and foreign investment in the Eastern Economic Corridor (EEC), to ensure the pace of growth is maintained.

Source: Bangkok Post November 27, 2022 05:31 UTC