Thailand chartbook: Long road to normalisation
- Slowing infection rates have paved the way for domestic reopening
- Vaccinations are picking up, and the government’s 70% target by year-end looks achievable
- Gradual reopening to continue into 2022 but domestic and tourism indicators are still weak
- We maintain 0.6% and 3.5% growth forecasts for 2021 and 2022
- Weak THB on poor current account, negative carry differentials and overvaluation
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