Thailand’s economy is projected to grow by 2.8%-3.3% in 2024, according to the Joint Standing Committee on Commerce, Industry and Banking. Exports, crucial for the Thai economy, are expected to increase by 2%-3%, aligning with previous forecasts. After a 1.9% growth in the previous year, the economy’s boost is anticipated from the second quarter, driven by government spending and a rebound in tourism, with forecasts of 34 to 35 million foreign visitors. Tourism, a vital sector, is recovering, with the country having welcomed 28 million tourists in 2023, contributing THB1.2tr (USD33.7bn) in revenue, compared to nearly 40 million visitors pre-pandemic.