2023 January

Thailand’s economy looks good for beginning year, with major foreign investors mainly acting as buyers and driving the economy forward. The Thai baht strengthened as capital inflows from abroad boosted the economy.Inflation seems to be better adjusted when fuel prices fall.

The influx of tourists, primarily from Russia and Europe, has continued to boost the Thai economy. However, when the value of the Thai baht increased relative to the US dollar, import prices decreased in accordance with the trade balance deficit.