Bank of Thailand (BOT) Governor Sethaput Suthiwartnarueput said the economic situation of Thailand had not changed much and the country would still enjoy growth of 3-4%. He said the election of the next prime minister would not have much of an effect on the country’s overall economic outlook. Sethaphut said the growth in the second half would be mainly driven by consumption, which would expand because of the tourism sector’s recovery. The governor said it was expected that about 29 million foreign tourists would visit Thailand this year. He said inflation could still rise because of recovery in tourism and service sectors and increases in manufacturing output. Since there is still a risk of inflation rising, the central bank would not yet adopt normal-situation fiscal measures and would continue its fiscal policies for financial stability, Setthaphut added. (ICE BANGKOK)

Fonte notizia: The Nation