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Economics

Thailand Says Weak Baht Aiding Tourism Resurgence and Growth

  • Eight to 10 million foreign visitors expected this year
  • Sees GDP growing 3.7% in 2023 after 3%-3.5% this year
Updated on

A weaker baht is supporting Thailand’s post-pandemic tourism recovery, which is key to shoring up the nation’s economic performance, according to Finance Minister Arkhom Termpittayapaisith.

“Thailand is value for money,” Arkhom said in an interview on the sidelines of the Asia-Pacific Economic Cooperation finance ministers meeting in Bangkok, highlighting the nation’s appeal to travelers looking for bargains. The baht’s prolonged weakness will “surely” help get more foreigners back, he said.