Thailand's economy expanded by 2.7% yoy in Q1, surpassing the estimated 2.3% growth, as the country benefits from a resurgence in tourism. The Thai Office of the National Economic and Social Development Council (NESDC) also reported a 1.9% growth from Q4 2021. The post-pandemic return of tourists boosted the economy, but the outlook depends on the country's ability to maintain political stability. The recent election saw pro-democracy parties Move Forward and Pheu Thai dominating the lower house. Stability is crucial for investor confidence, and the baht has already advanced the most in over five weeks. The NESDC expects 28 million tourist arrivals this year, with Chinese travellers, who represented 30% of pre-pandemic visitors, returning in increasing numbers.