CityNews Article Archive:
The Economy of Thailand is Improving Says National Bank
CityNews – The National Bank has revealed that the economy of Thailand is reviving faster than expected. General production will return to its normal state by the end of the second quarter of the year, also increasing exports in the process. Consumption and investment in private sectors has also improved. The government says it has tried to stimulate the financial sector in order to support the revival of the business sector in Thailand.
Supawadee Punsri, senior director of the Northern Region Office of the Bank of Thailand, revealed that economic conditions in the north are improving due to increased production in the agricultural sector. He stated that an increase in exports has seen a record high in the north for the last two months.
She acknowledged a decrease in activities to promote tourism that he says has caused tourism to slow down recently, although production in the industrial sector has improved and there is a likelihood that it will improve even more says Supawadee.
There is inflation, he says, as the cost for electricity has gone up, but the rate of unemployment is still low.
It was concluded that the economy of the north is making steady improvements after the flood crisis in the previous quarter.
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