Growth in Thailand's economy was likely subdued in the quarter through March despite solid tourist arrivals, hampered by weak exports and domestic demand, a Reuters poll of economists found. High household debt and borrowing costs hurt private consumption and customs-based exports fell in March for the first time since July 2023, dragging growth amid a slowdown in key trading partner China. Still, the government plans to implement a "digital wallet" stimulus policy this year - a cash handout to eligible adults - which is expected to boost the economy.
Economy seen growing by 6 2 percent this year
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Govt underspending stalls Q1 growth | The Manila Times
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