Thailand’s economy is expected to grow 3.4% this year, down from the 4% projected earlier, and the recovery would be gradual amid high uncertainties and weak tourism, the World Bank said on Friday.
Thailand’s tourism-reliant economy shrank 6.1% last year, its deepest slump in over two decades, with tourism battered by the impact of the coronavirus pandemic.
The government still has room to support the economy, which is expected to return to pre-Covid-19 levels in 2022, Kiatipong Ariyapruchya, senior country economist for Thailand, told a briefing.
“Fiscal policy remains key to shore up the economy this year and next,” noting the country’s public debt was not too high.
On Friday, Prime Minister Prayut Chan-o-cha told…
