People look for attractive tour packages at a domestic tourism fair in Bangkok early this year. University of the Thai Chamber of Commerce sees growing tourism as a factor for it to revise its economic growth forecast upward for this year. Meanwhile, Thai exports and tourism were expanding in accordance with the global economic growth and the prices of many farm products, including paddy, sugarcane and corn, were rising, he said. Investment in the private sector started to pick up and the government might increase its spending and investment in the second half of 2018, he said. However, UTCC saw as risk factors trade situations between China and the United States, potentially higher interest rates, possible currency crises in emerging markets and flooding.

Source: Bangkok Post September 13, 2018 08:37 UTC