BANGKOK -- The Bank of Thailand downwardly revised its growth projection for Southeast Asia's second largest economy, a decision that comes on the heels of the government's rollback of quarantine-free tourism due to the omicron variant's global spread.
The Thai central bank now expects the economy to grow 3.4% in 2022, according to a policy statement released on Wednesday, after the year's final meeting of the Monetary Policy Committee. In a policy meeting in September, the bank projected the economy to expand 3.9% in 2022.
