World Bank2025-02-042025-02-042025-02-04https://hdl.handle.net/10986/42757November economic activity data suggests gradual growth, driven by strong external demand, particularly for goods exports and tourism, as well as a slight recovery in private consumption supported by fiscal stimulus. While tourism remained a key growth driver, with a notable increase in arrivals, manufacturing continued to contract, particularly in the automotive sector. Amid stronger private consumption, inflation picked up but stayed below the central bank's target. On the policy front, the Bank of Thailand maintained its policy rate and the government introduced measures to alleviate household debt pressures. The Thai baht appreciated due to the rising current account surplus, despite ongoing portfolio outflows.en-USCC BY-NC 3.0 IGOECONOMIC GROWTHGOODS EXPORTSTOURISMPRIVATE CONSUMPTIONFISCAL STIMULUSBriefWorld Bank10.1596/42757