FILE PHOTO: Finance Minister Arkhom Termpittayapaisith speaks at the “Bangkok Post International Forum 2021: Unleashing the Future: A Glimpse into 2022 and Beyond” on Dec 2, 2021. (Bangkok Post photo)
The economy is still expected to grow 3.5%-4.5% this year driven by fiscal policy, exports and investment, despite an outbreak of the Omicron coronavirus variant remaining a challenge, the finance minister said on Thursday.
Growth in 2021 is estimated to come in at only 1%, as the vital tourism sector has yet to recover significantly, but the resumption of Thailand’s quarantine waiver for foreign tourists from next month should help, Finance Minister Arkhom Termpittayapaisith told a business seminar.
Export momentum should continue despite global supply chain disruptions, he said.
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