The Grant Thornton International Business Report (IBR) for H1 2023 shows positive economic conditions and outlook for Thailand, with improvements in business health and optimism for the private sector.
Inflation concerns are receding, and there is expected post-pandemic growth in various industries.
The Grant Thornton International Business Report (IBR) for H1 2023 indicates a significant improvement in economic conditions and positive sentiment for the private sector globally, with Thailand in particular showing exceptional economic health. The report, which surveys mid-market businesses, highlights the expected trends and business conditions for the next 12 months. The new IBR for H1 2023 is particularly noteworthy as it signals post-pandemic growth, which has been eagerly awaited after years of delays due to geopolitical issues and new waves of infections.
Positive Signs for Global and Asia-Pacific Mid-Market Businesses
Globally, mid-market business health scored 3.1%, a significant increase from negative values just six months ago. In the Asia-Pacific region, Thailand’s economic conditions remain strong, with positive signs of recovery and growth. Inflation concerns are receding, and there is expected post-pandemic growth in various industries. Businesses in Thailand can look forward to a favorable business environment in the next 12 months, as indicated by the Grant Thornton International Business Report for H1 2023. This report underscores Thailand’s exceptional economic health and its potential to thrive in the post-pandemic era.
