By Syndicated Content
By Orathai Sriring and Satawasin Staporncharnchai
BANGKOK (Reuters) â As tourism-reliant Thailand struggles with a collapse in foreign visitors, the countryâs auto sector is picking up some of the slack with the value of car exports tipped to surge to a record this year as the global economy reopens.
The Southeast Asian nation is Asiaâs second-most popular tourist destination but its famous beaches, street markets and pagodas have been starved of business over the past year due to pandemic restrictions that have crippled global travel.
While Thailandâs central bank has downgraded its projections for this yearâs economic growth due to the hit to consumption and tourism, it last week raised its 2021 export growth forecast to an 11-year high of 17.1%, up from the 10.0% rise forecast in March.
Thailand s booming auto exports help plug tourism hole
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Thaïlande : l exportation auto devient moteur de l économie
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