Thailand's tourism-reliant economy could take until the first quarter of 2023 to return to a normal position due to a third wave of coronavirus infections and uncertainty over its vaccine rollout, the central bank governor said on Monday.
The Southeast Asian country's latest, most severe outbreak emerged in April and has accounted for the vast majority of the its overall cases and deaths, while mass COVID-19 vaccinations will start next month.With the third wave and the vaccine rollout highly uncertain, the economic recovery is expected to take time, Bank of Thailand Governor Sethaput Suthiwartnarueput told a seminar.In March, the central bank said the economy might return to that level in the middle of 2022.
The recent outbreak began to affect the economy in April as private consumption and investment dropped, while tourism stayed low, the BOT said in a statement.
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