Thailand's economy grew at a slower pace of 2.8% in the first quarter of 2022, down from 1.9% growth in the previous quarter, due to the impact of rising inflation and political uncertainty dampening domestic consumption. The tourism sector saw some improvement with foreign tourist arrivals reaching 428,000 in March, though this was well below pre-pandemic levels of nearly 4 million per month. The Bank of Thailand expects the economy to expand by 3.2% for the full year if the global economy avoids further major setbacks.