Economic engines 'not as strong as before'Tourists return to popular destinations in Bangkok such as the Emerald Buddha Temple on Saturday. (Photo by Wichan Charoenkiatpakul)Thailand's economic engines may not be as strong as before and the important tourism sector may take longer to normalise, its central bank governor said on Thursday. "If we don't rush to upgrade these economic engines, we may see the economy growing at a slower rate," he said. The central bank forecast growth of just 0.7% this year and 3.9% next year, following a 6.1% contraction in 2020 when the pandemic devastated tourism. The central bank will also be a facilitator, relaxing strict rules to support businesses and a shifting of focus next year towards "resiliency" to meet the needs of financial users, he added.

Source: Bangkok Post November 18, 2021 17:25 UTC