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Finance Ministry keeps 2022 GDP outlook despite Omicron

Tourists visit Maya bay in Krabi province on Jan 3, 2022. The Finance Ministry forecast the country to receive 7 million foreign visitors this year. (Reuters photo)

The Finance Ministry on Friday maintained its 2022 economic growth forecast at 4.0%, driven by a recovery in domestic spending and tourism, with Covid-19 outbreaks driven by the Omicron variant yet to have a significant impact.

The ministry still forecast the tourism-reliant country to receive 7 million foreign visitors this year, helped by the resumption of a quarantine waiver from next Tuesday, said Pornchai Theeravet, the Fiscal Policy Office director-general.

“Despite Omicron, there have been widespread vaccinations while Omicron symptoms are mild. So, we are confident that the 7 million figure is appropriate,” he told a briefing.

So far,…

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