Finance Minister Arkhom Termpittayapaisith.

Thailand’s economic recovery is not expected to be greatly affected if the world goes into recession next year, Finance Minister Arkhom Termpittayapaisith said.

He said the country’s economy is gradually recovering, driven by the export and tourism sectors, coupled with expanding domestic consumption.

Some local economists have predicted that the world economy is entering a recession which will certainly affect Thailand. A current sign of the impact is that Thailand’s export growth has started to decline.

Mr Arkhom said that even if the world goes into recession next year, it does not mean that all countries will suffer a slowdown.

He added that Thailand’s tourism sector stands to benefit from the reopening of countries that had closed their borders for the past two years to deal with the pandemic.

Meanwhile, Mr Arkhom chaired a signing ceremony between the Ministry of Finance, the Securities and Exchange Commission and the Digital Government Development Agency on Monday, to provide an online channel through which companies can obtain business licenses. of securities.

These will be the first electronic licenses issued by the Ministry of Finance.

Mr. Arkhom added that these parties will try to launch this e-licensing channel ahead of the Asia-Pacific Economic Cooperation finance ministers’ meeting on Oct. 19-21.

The ministry is also in talks with other state agencies about launching other types of e-licenses next year, Arkhom added.

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