Thailand's tourism-reliant economy likely gathered pace in Q2: Reuters poll

Thailand's economy likely grew at its fastest pace in a year last quarter, thanks to increased tourism as pandemic curbs eased, but the high cost of living and a slowdown in China pose threats to the outlook, a Reuters poll showed.

Forecasts ranged from 0.1 per cent to 1.3 per cent, highlighting uncertainties surrounding the recovery of Southeast Asia's second-largest economy from the pandemic. The data are due to be released on Aug 15. But an ongoing COVID-19 situation in China, which still pursues a zero-COVID strategy, has stoked fears of a delay in the return of Chinese tourists. That, along with a slowdown in the world's second-biggest economy, increases the risk of a deep global recession.

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Thailand's tourism-reliant economy likely gathered pace in Q2 - Reuters pollBENGALURU : Thailand's economy likely grew at its fastest pace in a year last quarter, thanks to increased tourism as pandemic curbs eased, but the high cost of living and a slowdown in China pose threats to the outlook, a Reuters poll showed.Growth in the tourism-dependent economy is estimated at 3.1 pe
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