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Thailand Ready for Rate Rise to Fight Inflation, World Bank Says

  • World Bank sees inflation at 5.2%, GDP growth of 2.9% in 2022
  • Dealing with rising food, energy prices key to fight poverty
Tourists on Khaosan Road in Bangkok.

Tourists on Khaosan Road in Bangkok.

Photographer: Lauren DeCicca/Getty Images

The pace of Thailand’s economic recovery, spurred by more tourism, is giving the country’s central bank more scope to raise interest rates to fight inflation, according to the World Bank

Southeast Asia’s second-largest economy is likely “to gain momentum and reach pre-pandemic levels in the fourth quarter,” driven by the drop in Covid-19 cases and relaxation of border restrictions, according to a report Wednesday.