The economy improved in February after a moderate slowdown the previous month, owing to an easing of coronavirus curbs and a resumption of a quarantine waiver for foreign tourists, the central bank said on Monday.
The Russia-Ukraine crisis is likely to push up inflation and cause global financial volatility but Thailand’s external stability remains good, Chayawadee Chai-Anant, a senior Bank of Thailand (BoT) director, told a news conference.
The impact of a recent spike in Covid-19 cases has been within estimates, while the momentum of a stronger-than-expected fourth-quarter could help the economy grow more than the 3.4% earlier forecast for this year, she said.
The BoT will update its forecast at its policy meeting next month.
Southeast Asia’s second-largest economy expanded 1.6% last year, returning to growth in the final quarter of the year, after a 6.2%…
