World Bank expects Thailand’s economy to grow 4% in 2021

The World Bank released Thailand’s economic monitoring report on the 20th, stating that Thailand’s economy is expected to grow by 4% in 2021, but downside risks still need to be guarded.

According to the report, due to the impact of the new crown epidemic , Thailand’s economy will shrink by about 6.5% in 2020. Although Thailand experienced the second wave of the epidemic at the end of last year, thanks to a series of supportive fiscal policies adopted by the government, domestic demand has rebounded. Thailand’s economy is expected to grow by 4% in 2021, and the growth rate is expected to increase to 4.7% in 2020.

 

 

Source: China – ASEAN Business Council