Thailand's economy picks up in May as tourism, spending rise

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Thailand's economy picks up in May as tourism, spending rise
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BANGKOK : Thailand's economy in May improved from the previous month as tourism gathered momentum and private consumption increased while exports remained weak, the central bank said on Friday.Economic activity was seen rising steadily with tourist arrivals still increasing, the Bank of Thailand (BOT) sai

BANGKOK : Thailand's economy in May improved from the previous month as tourism gathered momentum and private consumption increased while exports remained weak, the central bank said on Friday.

In May, Thailand recorded a current account deficit of $2.8 billion, after a revised deficit of $0.6 billion the previous month, the BOT said on Friday.

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