The Thai economy is experiencing the highest growth in five years, according to the National Economic and Social Development Board. The upturn is attributed to increased consumption in the private and public sectors, increased investments, and a steady rise in exports.
According to Wichayayuth Boonchit, deputy secretary general of the board, production and trade are also on the fast track.
A pick-up in tourism, the restaurant and transportation sectors, as well as in agriculture and the construction industry added to overall growth as well. During the first quarter of 2018, GDP climbed 4.8% over the same period a year ago.
The optimistic economic forecast, alongside political stability, ensures a favourable investment climate in the Kingdom, analysts said.