Rebounding Economy & Rising Exports Put Spotlight on Thai ETF

Thailand’s economy is rebounding with a rise in exports and growth in its tourism sector. GDP grew 4.8%, which is the highest since 2013. After four years of military rule, the central bank kept the benchmark rate a record low for helping the economy to recover. The government has reduced bureaucratic hurdles and has taken initiatives to bring in foreign investments, advancement of technology in manufacturing and infrastructure development.

Private investments rose 3.1% as compared to 2.4%in the earlier quarter, indicating that market confidence is returning slowly to the island nation where investors are sniffing better prospects (Read: Emerging Market ETFs in Focus on High Outflows).