Analyst: Thailand needs pandemic under control next month to see economic recovery this year

Thailand will only see clear signs of economic recovery in the last quarter of 2021 if the current outbreak can be brought under control by the end of July, the Kasikorn Research Center said Thursday.

“The Thai economy in the fourth quarter will grow considerably if we advance vaccine distribution enough to boost household and business confidence,” said Natthaporn Triratsirikul, assistant managing director at the research centre.

If the tourism industry can resume operations, the gross domestic product (GDP) of the fourth quarter should rise by 5 per cent year-on-year, Natthaporn added.

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