Sunday, 19 September, 2021

Thai economy should grow in 2021

Thai economy should grow in 2021

Popular News

BANGKOK: Thailand’s economy should grow this year, picking up pace in the third and fourth quarter, after the easing of tougher restrictions to contain the country’s biggest coronavirus outbreak, a deputy prime minister said on Thursday.

The restrictions, imposed in July and August, have been eased from this month as the country tries to help a flagging economy, with tourism still struggling, report agencies.

“After the relaxation of curbs, growth in the third and fourth quarter should be good and the result should be positive this year. Next year, the growth rate will increase,” Deputy Prime Minister Supattanapong Punmeechaow, who is in charge of economic matters, told a virtual business seminar.

“There is light at the end of the tunnel,” he said.

In August, the state planning agency cut its 2021 economic growth forecast to 0.7-1.2 per cent - from 1.5-2.5 per cent - due to the outbreak.