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.
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