Thai economy grows at a lackluster 1.5% in Q1
BANGKOK -- Thailand's economy grew at a lackluster pace in the first quarter of 2024 as weak exports pared gains from the country's red-hot tourism sector, according to the National Economic and Social Development Council (NESDC).
The country's gross domestic product for the quarter through March expanded 1.5% from the year-earlier period, largely thanks to the tourism industry, which accounts for nearly 20% of GDP.