Pushing for growth: The Bank of Thailand building in Bangkok. It has left the one-day repurchase rate at a record low of 0.50% to support the virus-hit economy. — Bloomberg
BANGKOK: Thailand’s tourism-dependent economy should receive eight million foreign visitors next year and see a recovery to a pre-coronavirus pandemic level of 40 million visitors by 2024, the country’s finance minister has said.
South-East Asia’s second-largest economy contracted 6.4% in the third quarter from a year earlier after slumping 12.1% in the prior quarter, with tourism taking a hit.
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