# Economic outlook / SCB EIC Monthly insight / Outlook Quarter 2/2024 | SCBEIC

> SCB EIC expects the Thai economy to regain momentum gradually, reaching 2.5% growth in 2024. Growth is led mainly by the service sector, with a rebound in foreign tourist arrivals supported by free visas, visa-on-arrival and returning Chinese tourists.

- Date: 2024-06-18 · published 2024-06-18T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/30052-economic-outlook-scb-eic-monthly-insight-outlook-quarter-2-2024-scbeic
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Stronger tourism and services growth supports Thai domestic demand for feed-linked products such as poultry and pork, but the effect on feed commodity prices is modest.

## Sources

- scbeic.com: https://www.scbeic.com/en/detail/product/outlook-q22024

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.