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Singapore, Oct 18, 2021 - (ACN Newswire) - Banks in the ASEAN region were extremely successful not only in adapting rapidly to the evolving banking environment but being innovative in terms of new customers
BANGKOK: Thailand cut its estimate for economic growth this year to 2.5-3.5% after suffering its worst slump in more than two decades in 2020 due to the shock from the COVID-19 pandemic.
The government had previously forecast growth of 3.5-4.5% for this year, and the downward revision comes despite latest data showing the economy shrank less than expected in the October-December quarter as domestic activity and exports recovered after coronavirus restrictions were eased.
The vital tourism sector remains in limbo because of international travel restrictions, and a COVID-19 outbreak in December has dealt a further blow to the country s fledgling recovery.