(Recasts, add more data, context)
BANGKOK, March 31 (Reuters) - Thailand's economy in
February continued to improve compared with the previous month
as the value of exports rose while private consumption and
tourism activities also increased, the central bank on Friday.
Economic activity was seen rebounding, alongside rising
tourist arrivals, the Bank of Thailand said in a statement,
adding it would monitor any impact from global banking problems,
as well as due to higher costs and China's reopening.
On Wednesday, the BOT trimmed its projections for economic
growth to 3.6% this year and 3.8% next year, down from earlier
forecasts of 3.7% and 3.9%, respectively.
But it raised its forecasts for foreign tourist arrivals to
28 million this year and 35 million next year, up from 25.5
million and 34 million, respectively. That compared with a
record of nearly 40 million visitors in pre-pandemic 2019.
Thailand recorded a current account surplus of $1.3 billion
in February, after a revised deficit of $2.1 billion in the
previous month, the central bank said.
The value of exports, a key driver of growth, declined 4.1%
in February from a year earlier but rose from the previous
month.
(Reporting by Orathai Sriring and Kitiphong Thaichareon;
Editing by)
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