BOT maintains 2021 economic forecast, expects only 200,000 visitors this year

The Bank of Thailand (BOT) announced on Wednesday that it had maintained its estimation of gross domestic product (GDP) in 2021 at 0.7 per cent expansion, but increased its forecast of 2022 GDP to 3.9 per cent from its August estimation of 3.7 per cent.

“The expansion of Thailand’s economy has been slowed down by the spreading Delta variant of Covid-19 since earlier this year, but the economy is estimated to gradually recover in late 2021 and continue this trend throughout 2022, thanks to more comprehensive vaccine distribution and easing of lockdown measures,” said Thitanan Mullikamas, BOT’s assistant governor of monetary policy and secretary-general of the Monetary Policy Committee.

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The Nation Reporter