Ministry slashes GDP outlook to 2.3% from 2.8%
2m foreign tourists forecast from 5m seen before new Covid wave
The Finance Ministry on Thursday reduced its 2021 economic growth forecast for a second time this year to 2.3% from 2.8% growth, after a third wave of coronavirus infections struck the tourism-reliant nation this month.
The latest outbreak has seen half of its overall cases reported this month alone and came as the country was preparing to reopen more broadly to foreign tourists, as vaccinations increase globally.
The ministry slashed its forecast for the number of foreign…
