News Forum - Thailand’s central bank may revise inflation rate, GDP to battle economic downturn

[Thaiger]

The Bank of Thailand’s rate-setting committee with meet today to discuss a possible revision of key economic figures such as interest rates and GDP, as the country battles an economic climate that has soured high hopes for the year. Various factors include a weakened baht, rising inflation and the impact of the war in Ukraine, which has resulted in spiking energy, food and steel prices, among others. The Finance Ministry began the year with an average economic growth projection of 4%, based an improvement in the global pandemic situation resulting in increased domestic spending. They also predicted private consumption to […]

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[JJJ]

The Ukraine war — what a convenient excuse for low tourist numbers. The fact is tourist numbers aren’t anywhere close to the predictions at the moment and has nothing to do with Ukraine. 

Gee, if only the government could do something to improve tourist arrivals?  I wonder what that might be.  Oh yeah the travel industry tells the government almost every week. 

But even beyond pointless measures like Thai Pass and testing which have had almost no benefit in preventing infections this year, tourists especially from western countries don’t want a vacation where your supposed to wear a mask outside or on a beach (technically). Oh yeah and “nightlife” venues are still closed “officially.”

[DoUKnowWhoIAm]

15 minutes ago, Thaiger said:

country battles an economic climate

I know it's impossible to manipulate the baht, but I think they should try very hard now (but the other way, weaken it to stimulate the economy)