Thu, October 28, 2021

business

Economy expected to grow 2.5-3% but not recover fully: NIDA prof


The economy is expected to expand between 2.5 and 3 per cent this year, said Assoc Prof Dr Montree Socatiyanurak. He is director of the National Institute of Development Administration's Advanced Master of Management Programme.

He said the economy is not expected to totally recovery due to uncertainty in containing the second wave of Covid-19 in Thailand and the strengthening baht, which will impact the export sector.

Meanwhile, the tourism industry is expected to begin to recover late this year after a vaccine becomes available.

Montree said the new round of Covid-19 infections would affect the economy in the first quarter this year, which might see higher contraction compared to the same period last year.

Thailand had earned revenue from tourism in the first quarter last year during the months of January and February, when the country welcomed around 7 million tourists.

Related story: Local production of AstraZeneca vaccine kicks off, Thailand signs up for 2 million doses from Chinese firm

Published : January 07, 2021

By : The Nation