Despite tourism comeback, Thailand's recovery hindered by inflation

Since the beginning of this year, Thailand has received more than 700,000 foreign tourists. - Reuters

BANGKOK, May 8 (The Straits Times/ANN): While Thailand's tourism industry heaved a sigh of relief last week following the country's biggest border reopening, rising inflation and a push for higher minimum wages are threatening its fragile recovery.

Thailand started the year optimistic, with its Finance Ministry forecasting an economic growth of 4 per cent for 2022.