BoT sees slower recovery in 2021

BoT sees slower recovery in 2021 Thailand’s economic recovery is expected to take longer than previously anticipated, mainly due to the drastic decline in foreign tourist numbers, says the Bank of Thailand. The central bank slashed its GDP growth forecast for 2021 from 5% to 3.6% as the pandemic continues to hamper international travel. The…

Thailand to focus on socio-economic recovery in the next two years

Thailand to focus on socio-economic recovery in the next two years Thai Prime Minister Prayut Chan-o-cha has underscored that the country’s economic and social development plan over the next two years should focus primarily on community-level economic development, enhancing competitiveness, upgrading human resources and infrastructure development. Bangkok (VNA) – Thai Prime Minister Prayut Chan-o-cha has underscored…