Thai finance ministry keeps 2022 GDP outlook despite Omicron


Festive season: Shoppers picking Lunar New Year decorations in the Chinatown area of Bangkok. — AFP

BANGKOK: Thailand's finance ministry on Friday maintained its 2022 economic growth forecast at 4.0%, driven by a recovery in domestic spending and tourism, with COVID-19 outbreaks driven by the Omicron variant yet to have a significant impact.

The ministry still forecast the tourism-reliant country to receive 7 million foreign visitors this year, helped by the resumption of a quarantine waiver from Feb. 1, said Pornchai Theeravet, head of the ministry's fiscal policy office.

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GDP , Thailand , Omicron , tourism

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