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Thai economy resilient, on path to full recovery - Finance Minister

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BANGKOK : Thailand's economy is on a solid path to recovery and showing resiliency, helped by good revenue collection and a normalisation of its tourism sector, while inflation should come in below 3 per cent this year, its finance minister said on Monday.Southeast Asia's second-largest economy expanded f

BANGKOK : Thailand's economy is on a solid path to recovery and showing resiliency, helped by good revenue collection and a normalisation of its tourism sector, while inflation should come in below 3 per cent this year, its finance minister said on Monday.

The economic recovery has been supported by a comprehensive and timely policy mix of fiscal and monetary policies, which respectively should continue to be implemented proactively and prudently, Arkhom Termpittayapaisith told a World Bank forum. On Monday, the finance ministry in a statement said the economy in April was supported by stronger tourism, higher farm production and falling inflation, while Thailand was well-positioned to withstand global volatility.

"I'm confident that Thailand is firmly heading towards full recovery and soon return to its vibrant economy," he added.

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