(Photo by Patipat Janthong)Thais are expected to spend 57 billion baht to further bolster the rebounding economy during this New Year holiday, the government says. Prime Minister Prayut Chan-o-cha expressed satisfaction with the surge in spending as the economy continues to pick up, according to government spokesman Sansern Kaewkamnerd. The research found consumers will spend 132 billion baht, a 13-year record for this holiday period. Of that, 57 billion baht will be spent domestically and 37 billion on overseas trips. Public spending on shopping is expected to reach 16 billion baht, with 9 billion baht spent on parties and a further 7 billion baht on merit-making activities.

Source: Bangkok Post December 31, 2017 21:56 UTC