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Economy may grow less than forecast after new outbreak

BoT: Economy may grow less than forecast after new outbreak

Inflation close to lower end of target range from Q2

Healthcare workers work in front of a closed bar and take nasal swab samples from a local resident for a Covid-19 test on Thursday after hundreds of residents in the trendy Thong Lor neighborhood tested positive for the coronavirus. (Reuters photo)

The economy may expand less than forecast this year, a central bank official said on Friday, after a third wave of coronavirus infections and concerns about the presence of a highly contagious variant.

The tourism-reliant economy suffered the deepest slump in over two decades last year, down 6.1%, due to the impact of the pandemic, with the key tourism sector still struggling.

Uncertainties remain,…

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