Thai economic recovery will be visible from Q3 onwards: UTCC

Thailand’s economic recovery from the Covid-19 fallout should become visible in third quarter of this year thanks to the influx of tourists sparked by the lifting of entry restrictions.

“We estimate the gross domestic product [GDP] expansion for the year to be in the scope of 2.5 to 3.5 per cent or an average of 3.1 per cent year on year,” rector of the University of the Thai Chamber of Commerce (UTCC) Thanawat Polvichai said on Thursday.

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The Nation Reporter