# UOB forecasts Thailand's GDP to grow by 3.6% this year, backed by tourism | RYT9

> UOB forecasts Thailand's GDP will grow 3.6% this year, supported by tourism, export recovery, and foreign investment. The bank expects a slow start to 2024 with a stronger recovery in the second half. UOB also expects a stronger baht as services exports improve.

- Date: 2024-02-16 · published 2024-02-16T12:00:00.000Z
- Category: macro · region Asia · magnitude low
- Page: https://feedsoft.ai/events/31960-uob-forecasts-thailand-s-gdp-to-grow-by-3-6-this-year-backed-by-tourism-ryt9
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A stronger growth outlook and firmer baht would lower the local-currency cost of dollar-priced feed imports and support Thai demand for feed.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- ryt9.com: https://www.ryt9.com/en/prg/275003

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