News Forum - Bank of Thailand forecasts lower economic growth during Omicron outbreak

[Thaiger]

With the emergence of the Omicron variant in Thailand and an uptick of cases after the New Year holiday, the country’s central bank says the economy might grow slower in the first half of the year. The kingdom has seen a revival in tourism, especially over the past two months with the Test & Go quarantine exemption scheme. Registration for the entry scheme has been closed due to the emergence of the recently-discovered strain, leaving the future of tourism uncertain. Along with the tourism rebound, domestic spending has also supported Thailand’s economy. But since the Omicron outbreak, taking a regular […]

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[remo940]

No shit Sherlock

[Jason]

I just wonder how much it cost the people of Thailand in taxes for the central bank to figure that out??

[HiuMak]

2 hours ago, Thaiger said:

With the emergence of the Omicron variant in Thailand and an uptick of cases after the New Year holiday, the country’s central bank says the economy might grow slower in the first half of the year. The kingdom has seen a revival in tourism, especially over the past two months with the Test & Go quarantine exemption scheme. Registration for the entry scheme has been closed due to the emergence of the recently-discovered strain, leaving the future of tourism uncertain. Along with the tourism rebound, domestic spending has also supported Thailand’s economy. But since the Omicron outbreak, taking a regular […]

I'd say more people will suffer because of omicron

[Graham]

More people will suffer because of knee-jerk reactions rather than Omicron, Thai government are the Masters of this.

[longwood50]

22 hours ago, Thaiger said:

With the emergence of the Omicron variant in Thailand and an uptick of cases after the New Year holiday, the country’s central bank says the economy might grow slower in the first half of the year.

This follows their forecast that if it is raining the pavement might get wet.