Country on course to achieve 1.2% growth this yearThailand is on course to achieve economic growth of around 1.2% this year, said government spokesman Thanakorn Wangboonkongchana, adding the economy is likely to grow by 3.5-4% next year. Foreign reserves have an important role in maintaining economic stability, as they act as a buffer against volatility in the international markets. "Prime Minister Prayut Chan-o-cha is working to implement strategic policies to promote the country's growth while curtailing the Covid-19 pandemic," the spokesman said. The country's cautious reopening has allowed some businesses in the pandemic-battered tourism sector -- one of the biggest drivers of Thailand's economic growth -- to recover. Foreign businesses with high capacity will be offered incentives to invest in technology-intensive industries and film production, he added.

Source: Bangkok Post December 07, 2021 06:58 UTC