BANGKOK, Thailand – The Bank of Thailand (BOT) has revealed that Thailand’s economy improved in October 2024, driven by continued growth in tourism and a recovery in private consumption. The economic boost was partly fueled by the government’s 10,000 Baht cash transfer program, which supported consumer spending and contributed to increased retail activity. The industrial sector also showed growth, particularly in exports (excluding automobiles) and domestic demand.
Government spending expanded,…
