The central bank has forecast South-East Asia’s second-largest economy will shrink by a record 8.1%, with bottom seen in the second quarter, governor Veerathai Santiprabhob (pic) told a seminar.
BANGKOK: Thailand’s central bank chief said it would take several years for foreign tourist numbers to return to the 40 million a year level, with the coronavirus pandemic hitting a lucrative industry that provides a lot of jobs, Reuters reported.
The Bank of Thailand (BoT) expects only 8 million foreign visitors this year, down 80% from a record 39.8 million last year, when foreign receipts accounted for 11.4% of GDP.
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