Bank of Thailand upbeat on Q1 rebound

The Bank of Thailand assesses the economy as being on a recovery path in the first quarter this year, supported by the export and tourism sectors despite several uncertainties.

The central bank’s senior director, Chayawadee Chai-Anant, said Thailand’s economic outlook remains on a recovery trajectory for the first quarter, part of a gradual rebound that weakened from the fourth quarter of 2021.

The economy is expected to continue recovering in the second quarter, assuming the Omicron outbreak peaks next month during the Songkran festival.

Tourism and exports were the two sectors driving the economy in February, said the bank.

Foreign tourist arrivals in February increased to 152,954 from 133,903 in January, thanks to the resumption of the Test and Go programme on Feb 1.

In February, the value of merchandise exports after seasonal adjustment grew slightly by 0.9%…