The Thai economy outlook shows recovery continuing but COVID-19 omicron remains a big threat, whereas the GDP growth is projected to expand 3.4 percent this year, said the Bank of Thailand on Monday.
Sakkapop Panyanukul, Senior Director of Economic and Policy Department, Bank of Thailand, stated at the Analyst Meeting that the central bank expects Thailand’s economic recovery to continue but the outbreak of omicron variant is likely to have great downside risks.
Thailand’s economy is anticipated to grow by 3.4 percent in 2022, up from 0.9 percent in 2021, and would then accelerate to 4.7 percent the next year.
Nonetheless, Southeast Asia’s second largest economy hopes to contain the Omicron outbreak by the first quarter of 2022. As a result, the economy would be hit significantly only during the first half of the year.
