The fresh wave of Covid-19 infections has the Bank of Thailand likely to slash its economic growth forecast for this year from a previous prediction of 3%.
The central bank is monitoring the impact of the third wave, with a downgrade possible because of the effects of the new outbreak on the country’s reopening for foreign tourist arrivals, said Chayawadee Chai-Anan, senior director of the economic and policy department.
“The third wave is more serious than the previous two rounds given the faster virus spread and more infections,” she said.
“The central bank has noticed economic activities are declining during the third wave, equal to the levels seen during the second wave, but not yet as bad as during…
