Finance Minister Arkhom Termpittayapaisith is confident of the kingdom’s economic outlook, saying it will achieve 4% growth this year as forecast by several domestic and foreign agencies.
Speaking during a recent special lecture to senior public officials, Mr Arkhom said the World Bank, International Monetary Fund, Thailand Development Research Institute, the Bank of Thailand and the Fiscal Policy Office projected the 4% growth rate.
While this year’s projection is higher than last year’s 1% predicted growth, it is not considered high because the tourism industry has not yet made a full recovery, he said.
He said the 1% growth projection last year was thanks to robust exports that expanded between 15-20%.
A total of 7 million tourist arrivals are expected this year,…
