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    501awani
    501awani
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    Thailand's Economy Surges in April Despite Global Uncertainty

    Thailand's Economy Shows Unexpected Growth in April 2025 Thailand's economy experienced a surprising surge in April 2025, outperforming the previous month's figures. This positive trend, reported by the Bank of Thailand, is primarily attributed to a significant increase in the manufacturing sector, fueled by a considerable jump in exports. The resulting inventory replenishment further stimulated economic activity. "The manufacturing sector's performance was exceptional," stated a Bank of Thailand spokesperson, "driven largely by robust export demand." However, the report also notes that the tourism sector, while showing some improvement, remains comparatively weak compared to the same period in 2024. This is despite the recent increase in tourist arrivals. The Bank of Thailand remains cautious, acknowledging the potential impact of US tariffs announced earlier in April. Despite the positive economic indicators, the overall outlook remains guarded. Private investment continues to show steady growth, contributing to the overall positive economic picture. While exports to the US increased substantially, imports also rose, leading to a trade deficit of 0.4 billion dollars. The Bank of Thailand is closely monitoring the situation and will provide further updates in the coming months.

    2 months ago
    MY
    Thailand
    news summary
    economy
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