NESDC expects Thailand’s economy to grow 3 per cent this year

The NESDC argued that the Thai economy might not be able to recover as fast as several countries’ recovery and the Thai economy is dependent on the tourism sector, which contributes 40 per cent of Thailand’s GDP.

Meanwhile, the economic structure of other countries is related to the manufacturing sector.

Danucha said that the tourism sector could recover this year while increasing exports might help the service sector. He said revenue from tourism this year might help Thailand from its current account deficit problems of the past two years.

However, the economic situation in foreign countries is uncertain due to inflation and geopolitical risk, which Thailand must be prepared to deal with.

Danucha said, “We have already controlled the spread [of Covid-19]. We are trying to drive the economy as well as change the economic structure. Every sector, including the public and private…