The government has pledged to revitalise tourism, stimulate domestic spending, and spur exports and investment to help economic growth reach its 4% target this year.
Deputy Prime Minister Supattanapong Punmeechaow said the government still maintains an economic growth target of 4% this year although various economic forecasting agencies have downgraded their outlook to only 2.7-3% growth.
The Fiscal Policy Office recently slashed Thailand’s economic growth forecast to 2.8% this year, down from 4.5% in October 2020, while the Joint Standing Committee on Commerce, Industry and Banking maintained its economic outlook on Wednesday at 1.5-3.5%, despite distribution of the Covid vaccine.
According to Mr Supattanapong, three factors — exports, domestic tourism and the government’s stimulus measures — will help speed up Thai economic growth in the remaining 10…
