The resumption of Thailand’s Test & Go scheme for foreigners from February 1 is expected to attract as many as seven million arrivals. AFP
Thailand’s finance ministry predicts a four-per-cent growth in Thailand’s gross domestic product (GDP) this year, fuelled by higher domestic spending and seven million foreign tourists.
This forecast is based on the 1.2 per cent boost to the economy, as the last quarter of 2021 saw an estimated 0.9-1.3 per cent expansion, ministry spokesman Pornchai Theeravet, who also doubles as the Fiscal Policy Office director, said on January 28.
Thailand’s growth in the second half of last year was higher than expected as it was propelled by a jump in exports, the government’s stimulus measures, the private sector’s higher consumption and investment expansion, the official said.
The export sector grew by about 19 per cent last year, thanks mainly to…
