News Forum - Finance Ministry expected to adjust 2022 economic forecast from next month

[Thaiger]

The Finance Ministry will adjust the 2022 forecast for Thailand’s economic growth to focus on the rise in both inflation and energy prices, from next month. According to an unnamed Bangkok Post source, the ministry is concerned about the impact Russia’s invasion of Ukraine will have on overseas arrivals this year. At the start of the year, the ministry had forecast that the economy would grow by between 3.5 and 4.5% this year, projecting average growth of 4%. The ministry based its calculations on the expectation that domestic spending would increase as the Covid-19 situation improved globally. The ministry also […]

The story Finance Ministry expected to adjust 2022 economic forecast from next month as seen on Thaiger News.

Read the full story

[DoUKnowWhoIAm]

19 minutes ago, Thaiger said:

but the Finance Ministry is confident the country can still manage this debt.

Just like all Thais who borrowed money to purchase condos and cars

[BBY]

At the start of the year, the ministry had forecast that the economy would grow by between 3.5 and 4.5% this year, projecting average growth of 4%. The ministry based its calculations on the expectation that domestic spending would increase as the Covid-19 situation improved globally.

The Covid situation has improved but unlike other countries,Thailand have done little about it. Domestic spending cannot improve until people can earn money to spend. If you can’t earn it, you can’t spend it. 
 

25% of Thailands GDP (which IMO is the understatement of the past 2 years) is missing. 
 

Open the doors now. IMO the only entry requirement worth retaining (if any), is that tourists are adequately internationally insured, as at present they are far more likely to catch Covid in Thailand, than bring it with them.