The IEC cited faster-than-expected recovery of Thai exports, which returned to pre-Covid levels in January and February. - The Nation Thailand/ANN
BANGKOK, March 13 (The Nation Thailand/ANN): Siam Commercial Bank’s Economic Intelligence Centre (IEC) has revised upwards its 2021 Thai GDP growth forecast from 2.2 per cent to 2.6 per cent.
The IEC cited faster-than-expected recovery of Thai exports, which returned to pre-Covid levels in January and February.
It revised upwards its export growth forecast for 2021 from 4 per cent to 6.4 per cent.
However, the SCB thinktank also warned that recovery of the Thai tourism industry would only gain momentum in the fourth quarter of 2021 as vaccines brought herd immunity in key Asian markets.