Thai Economy to Recover in 2024 Driven by Tourism, Exports Recovery

December 14, 2023---Carbon pricing critical for achieving climate objectives
Thailand's economic growth is projected to pick up to 3.2% in 2024 from 2.5% this year, supported by a recovery in tourism and goods exports and sustained private consumption, the World Bank said in its semi-annual Thailand Economic Monitor, launched today.

Growth in 2023 was dampened by a contraction in goods exports as well as ongoing fiscal consolidation, according to the report. The economy is projected to expand at a more moderate 3.1% in 2025.

Headline inflation is projected to slow to 1.1% in 2024 due to low energy prices. However, food prices are expected to increase.

Thailand's planned digital wallet program, potentially amounting to 2.7 percent of GDP, could boost near-term growth further by 0.5 to 1 percentage point over the two-year period in 2024 and 2025 if implemented. As a result, the fiscal deficit may increase to 4% to 5% of GDP, while public debt may reach 65% to 66% of GDP.

China economic database update

November 17, 2025-The monthly update of the China Economic Database highlights a consistent trend of decreasing fixed asset investment in China, including in the real estate sector which shows no signs of bottoming out. This update incorporates data published today by China's National Bureau of Statistic.

Samsung Active Asset Management Launches KoAct US Biohealthcare Active ETF, Benchmarking the Solactive US Biohealthcare Index

November 11, 2025-Solactive is pleased to announce its collaboration with Samsung Active Asset Management on the launch of the KoAct US Biohealthcare Active ETF,which uses the Solactive US Biohealthcare Index as a benchmark. The product aims to provide investors with targeted exposure to US-listed biotechnology and biopharmaceutical companies,reflecting the momentum of groundbreaking healthcare innovation.