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Thai fiscal, monetary policy to help ensure full recovery in 2024 -Finance Minister -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO : Arkhom Termpittayapaisith is the Thai finance minister and speaks with Reuters at Bangkok, Thailand on January 21, 2021. REUTERS/Chalinee Thirasupa

BANGKOK, (Reuters) – Thailand’s fiscal policy and monetary policies are working together to reach 4% economic growth in the current year. This will ensure a complete economic recovery, said the finance minister on Thursday.

Arkhom Termpittayapaisith, finance minister of Southeast Asia’s second-largest economy, stated that the central bank had predicted that the economy would recover fully by 2024. The second-largest economy in Southeast Asia grew by 1.6% last fiscal year, following a contraction of 6.2% in 2020.

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