BANGKOK, June 29 — Thailand’s economy expanded in May 2024, though at a slower pace than in the previous month, due to declines in exports, manufacturing production and private investment, according to the Bank of Thailand
It said government spending saw significant year-on-year growth, driven by accelerated budget disbursements, particularly for infrastructure projects. “In addition, prices of meat and vegetables increased due to lower supply in the market,” the bank said.The current account registered a surplus, mainly from an improved trade balance, although the service, income, and transfer accounts recorded a deficit.
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