BANGKOK : Thailand’s economy is on a solid path to recovery and showing resiliency, helped by good revenue collection and a normalisation of its tourism sector, while inflation should come in below 3 per cent this year, its finance minister said on Monday.
Southeast Asia’s second-largest economy expanded faster than expected in the first quarter of this year due to a revival in its vital tourism sector.
The economic recovery has been supported by a comprehensive and timely policy mix of fiscal and monetary policies, which respectively should continue to be implemented proactively and prudently, Arkhom Termpittayapaisith told a World Bank forum.
While predicting inflation would come in below 3 per cent this year, inside the central bank target range of 1 per cent to 3 per cent, Arkhom said he could not tell whether there would be a reduced need for raising interest rates.
“There is…
