Recovery underway: People enjoying the sunset at a beach in Phuket. The Thai economic activity is expected to return to pre-pandemic levels by the end of 2022, with progress on vaccinations and a resumption of tourist arrivals providing support. — Reuters
BANGKOK: Thailand’s economy is still expected to grow 1% this year due to the impact of a coronavirus outbreak, but growth is expected to accelerate to 3.9% next year, driven by a recovery in service sector activity, according to the World Bank.
South-East Asia’s second-biggest economy shrank 6.1% last year, with the vital tourism sector still struggling.
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