Thailand Cuts 2022 GDP Outlook to 3.5% Over Russia-Ukraine War
The tourism-dependent country is on track to receive 6.1 million foreign visitors this year, but below the 7 million projected earlier due partly to the impact of China’s travel restrictions and the Ukraine conflict on Russian tourist numbers.
Thailand’s Economic Recovery Delayed By Covid-19 Outbreak
the rise in Covid-19 cases will likely deter tourist arrivals through Q221 and potentially delay plans to allow tourists into Phuket from July, with Thailand having only fully vaccinated 1.0% of its population as of May 13.
Finance Ministry Reduces 2021 Growth Forecast to 2.3%
Fiscal Policy Office (FPO) Director-General Kulaya Tantitemit said the ministry slashed its forecast for the number of foreign tourists to only 2 million this year from 5 million it had predicted three months ago.