Thailand’s economy may grow 2.8% this year but that is still not satisfactory, while fiscal measures will continue to support economic recovery as tourism remains weak, the finance minister said on Wednesday.
The economy, which is heavily reliant on tourism and exports, contracted 6.1% last year, its deepest slump in over two decades as the coronavirus pandemic cut global demand and travel.
The economy this year will grow from last year’s low base, “but that isn’t what we are happy about because the output gap is about 7%,” Arkhom Termpittayapaisith told a seminar.
Domestic activity will continue to drive the economy as the key tourist sector is far from recovering, he…
