Thailand's slow economic recovery: expected figures

Thailand's economy is expected to return to growth in the fourth quarter thanks to strong exports and the easing of restrictions, but due to the closure of the tourism sector, it did not show the expected increase.

Last quarter, economic growth recovered to 0.7% year on year. At the same time, from July to September, it decreased by 0.3%. Data for the fourth quarter will be published on February 21. Forecasts range from 0.4% to 1.9% growth given the difficult recovery of Southeast Asia's second largest economy.

However, growth has not yet returned to pre-pandemic levels: the tourism sector is generating less revenue, and the possibility of another wave of the pandemic prevents all restrictions from being fully lifted.

With regards to the current year, it is assumed that the economy will grow by 3.9%, and in 2023 it will increase to 4.1%.