BANGKOK -- The Thai economy expanded 2.6% in 2022, undershooting expectations that were already modest as a strong recovery in tourism and domestic consumption failed to offset slumping exports.
Gross domestic product rose in 2022 from the previous year, when the economy grew only 1.5%. Consumption increased 6.3% in the year even as core inflation rose 6.1%. Private investment also ticked up 5.1% and lifted GDP in 2022.
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