Thailand's economy forecast to grow by 2.7-3.5% in 2022
-
Loading... - Sofia Chew
- 09 Aug 2022
- 95 Views
- 0 Like
- 0 Comment
According to JSCCIB, exports are expected to increase 6% to 8% this year, up from a previous forecast of 5%-7%. JSCCIB sees 7-8 million foreign tourist arrivals this year, compared with nearly 40 million in 2019.
It forecast headline inflation of 5.5%-7% this year, above the central bank’s target range of 1%-3%.
Earlier, speaking after the Government meeting on August 2, Thai Prime Minister Prayut Chan-o-cha affirmed that the country's macroeconomic situation has a positive trend and forecast that Thailand may reach an economic growth of 3.3% in 2022 and 4.2% in 2023.
The Thai PM affirmed that the country's financial situation is very stable and strong thanks to prudent and disciplined monetary and fiscal policies, reflecting the growing interest of foreign investors in Thailand.
According to Prayut, private consumption and the purchasing power of high-income people are recovering in the second half of this year, along with the recovery in the number of international tourists. Read More…
