The economy is expected to expand this year more slowly than previously forecast because of a resurgence in coronavirus cases, the central bank said, singling out an uncertain recovery in tourist arrivals as a “major risk” to the medium-term outlook.
The latest outbreak that began in mid-December will have less impact on the economy than the initial wave, but the pace of recovery will be slower and uneven, according to edited minutes of the Bank of Thailand’s Monetary Policy Committee released Wednesday.
The government should prepare additional fiscal stimulus measures if the tourism-reliant nation can’t reopen for foreign visitors during the peak…
