Thai economy seen growing 3.5per cent-4.5per cent next year, recovery fragile - Finance Minister

BANGKOK :Thailand's economy is expected to grow between 3.5per cent to 4.5per cent next year thanks to increased exports and a recovery in the country's vital tourism sector from the pandemic-driven slump, its finance minister said on Saturday.

This year's growth is expected at 1.0per cent to 1.2per cent and monetary policy must support fiscal policy in helping the economic recovery which remains very fragile, Finance Minister Arkhom Termpittayapaisith told a business seminar. The economy contracted 6.1per cent last year. The government's main spending is on medical and economic relief and stimulus measures, Arkhom said, adding the fiscal position was strong, with the public debt-to-GDP ratio expected at 62per cent at the end the fiscal year to September.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Thai economy seen growing 3.5per cent-4.5per cent next year - finance ministerBANGKOK : Thailand's economy is expected to grow between 3.5per cent to 4.5per cent next year driven by increased exports and a recovery in the country's vital tourism sector, its finance minister said on Saturday.This year's growth is expected at 1.0per cent to 1.2per cent and monetary policy must suppor
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Thai economy seen growing 3.5per cent-4.5per cent next year - finance ministerBANGKOK : Thailand's economy is expected to grow between 3.5per cent to 4.5per cent next year driven by increased exports and a recovery in the country's vital tourism sector, its finance minister said on Saturday.This year's growth is expected at 1.0per cent to 1.2per cent and monetary policy must suppor
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »