Thailand's Economy Rebounds After Covid Battering

Thailand's economy grew 2.2 percent in the first quarter as exports and tourism rebounded after the relaxation of pandemic restrictions, the country's main economic agency said Tuesday

Bangkok, (APP - UrduPoint / Pakistan Point News - 17th May, 2022 ) :Thailand's economy grew 2.2 percent in the first quarter as exports and tourism rebounded after the relaxation of pandemic restrictions, the country's main economic agency said Tuesday.

During the pandemic, Southeast Asia's second-largest economy suffered its worst economic performance since the 1997 Asian financial crisis, with visitor numbers crashing from roughly 40 million annually.

But this month the tourism-dependent kingdom dropped almost all restrictions for fully vaccinated visitors, including the need for Covid-19 tests to travel.

"The export sector is good... the tourism industry is getting better due to the relaxation of entry requirements for tourists," National Economic and Social Development Council secretary general Danucha Pichayanan said.