Thailand's economy is likely to remain subdued due to the COVID-19 pandemic, with a more rapid vaccination rollout and an emerging recovery in the tourism sector to play an important role heading into 2022, says Standard Chartered Bank. The bank maintains its below-consensus forecast on Thailand economic growth at 1.8% for 2021 and 3.1% for 2022. "The development of the COVID-19 situation and the vaccination rollout are the most influential factors, while a recovery in tourism and a clear stance of monetary and fiscal policies are also key factors that will impact the outlook of the Thai economy this year and set the scene going into next year," said Dr. Tim Leelahaphan, Economist, Standard Chartered Bank (Thai).