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Thailand upbeat following China's reopening

Thailand's economic recovery is forecast to fast track next year with China's decision to reopen its borders. The recovery will be led by the tourism sector, which is forecast to deliver higher tourism revenue, according to the Federation of Thai Industries (FTI). Kriengkrai Thiennukul, chairman of the FTI, expects to see pent-up demand from Chinese eager to travel abroad after years of entry restrictions limiting tourism. He added that there will be more economic activity in Thailand should the reopening of China pushes through. The Chinese were previously a large source market for tourists. The reopening of China is also good news for Thai exporters as the US and European economies are projected to slow next year, Kriengkrai added.

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