The growth rate of GDP = Gross Domestic Product in major Southeast Asian countries from July to September this year was positive due to the increase in foreign tourists accompanying the relaxation of immigration restrictions.
However, amid depreciation of currencies, each country is tightening monetary policy, and there are concerns about the impact on the future economy.
By the 21st, major countries in Southeast Asia announced their GDP growth rates from July to September this year, of which Thailand increased by 4.5% compared to the same period last year.
The main reason for this is that the number of foreign tourists has increased, and consumption at hotels and restaurants has expanded as restrictions on immigration related to the new coronavirus have been eased.
In addition,
▼Malaysia increased by 14.2%,
▼Vietnam increased by 13.6%, and
▼Indonesia, which has the largest economy in the region, also increased by 5.7%
. The economy continues to recover in each country.
However, due to the depreciation of the currency accompanying the significant interest rate hike in the United States, the inflation rate remains high, so central banks around the world are tightening monetary policy, and there are concerns about the impact on the future economy.