Thailand's Economy Improves

Thailand’s economy has grown in the first quarter with a 3.3 percent increase from the final quarter of 2016.

There was a dip towards the end of last year, as a result of the death of the late King Bhumibol Adulyadej.

Many celebrations were cancelled or toned down as a mark of respect for the revered monarch, which had a knock on effect to spending and tourism.

The Economic Planning Agency put the growth down to government spending on agriculture and exports.

However despite the good news, Thailand is still has a long way to go to catch up with some of the other south east Asian nations. Political instability has taken its toll over the last few years.

Hopes are high for further growth this year, which can only be good for the people of Thailand.

However, claims that the growth only benefits Bangkok, which is the hub of the economy, suggests there is much to do.

For people considering retiring to the Kingdom; well it still has much to offer in terms of value for money. Its affordable lifestyle and cheap, high quality condos, should still attract many potential buyers to cities such as Pattaya.

Source : Coconuts

Content : LovePattayaThailand


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.