Economic growth has slowed to the point where some now believe that Thailand is stuck in the middle-income trap. Cyclically, Thailand is looking good in a bad year for the rest of the worldMost forecasters are downcast about the global economy in 2023. One reason why Thailand’s economy will shine is the tourism recovery. • Foreign direct investment (FDI) will drive up private investment: Private investment is still below pre-pandemic levels. Strong reserves of resilience will help Thailand weather the volatility in the global economyThere are, of course, downside risks in the near term but it looks like these are likely to be manageable.

Source: The Edge Markets November 25, 2022 22:10 UTC