While Thailand’s economy has not been rosy for the past few years, its economic outlook seems brighter in 2018. According to a Bloomberg report, the predicted economic boom will be the product of a “global trade recovery and a flood of visitors from China.” Apart from that, the end of King Bhumibol’s mourning period will also fortify consumer spending, as retailers and hotels had scaled down promotions during the entire year.

The global economy found its post-crisis footing in 2017, with most major developing economies surprising on the upside.Comparing 2017 predictions made a year ago versus the likely outturn – based on the latest forecasts in Bloomberg’s monthly survey – shows that the pessimists called this one wrong. One of the biggest surprises was the euro area, set for its strongest expansion in a decade.

An economic boom that’s reverberated across Southeast Asia has finally crossed over to Thailand.The economy, which has lagged its neighbours this decade, is projected to have grown at the fastest pace in more than four years last quarter even as the baht surged.