BANGKOK : Thailand's economy improved in May and activity showed a further recovery in June, supported by increased spending, exports, and a pickup in tourism as pandemic restrictions eased, central bank officials said on Thursday.
Southeast Asia's second-largest economy likely registered a clearer recovery in the second quarter as more foreign tourists returned, Chayawadee told a news conference.Senior director Sakkapop Panyanukul said headline inflation could hit 8 per cent in some months during the September quarter. In May, inflation jumped to a nearly 14-year high of 7.1 per cent, far above the BOT's target range of 1-3 per cent.
The baht should recover later as the economy got stronger and more foreign visitors returned, she added.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: