Key Findings

  • After being severely hit by a surge of COVID-19 cases in the third quarter 2021, economic activity has subsequently rebounded.
  • Economic activity is expected to return to its pre-pandemic levels end-2022, with progress on vaccinations and a resumption of tourist arrivals providing support for the recovery.
  • The adoption of digital technologies has the potential to support Thailand’s recovery from COVID-19 and ensure a more competitive economy over the longer-term.
  • The Thai government has already shown a strong commitment to advance the digital agenda under the banner of industry 4.0 but more can be done to develop digital services and the digitalization of businesses.

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Source: The World Bank.