Jump to content

News Forum - Finance Minister: economy of Thailand will recover in 2023


Thaiger
 Share

Recommended Posts

Minister of Finance Arkhom Termpittayapaisith says that the economy of Thailand should see a full recovery, not next year, but by 2023. The economy is expected to grow by about 4% next year so 2022 would begin economic recovery, but it will take longer for Thailand definitely bounce back after the devastation of the Covid-19 pandemic. The Finance Minister believes that Thailand economic growth will depend in large part on tourism and that by 2023 the tourism sector should have gained enough momentum to aid in the country full economic recovery. He said that after such a financially difficult catastrophe […]

The story Finance Minister: economy of Thailand will recover in 2023 as seen on Thaiger News.

Read the full story

Link to comment
Share on other sites

Finance minister says 4% growth next year, Siam Commercial Bank Economic Intelligence Center responded by downgrading their prediction for next year from 3.4% to 3.2%

Only a difference of some 20%.

Think I'll go with the Siam Commercial Center, (plus a point or two less) -think the Finance minister is still using the TAT calculator.

  • Haha 1
Link to comment
Share on other sites

When hasn't the THA economy relied in tourism. Therein lies the rub. Without real change Thailand will always be cursed to suffer from an over reliance on tourism, and in this day of age, is one covid variant away from suffering even longer. Seems like a projection of a full recovery in 2023 is based on the assumption we are currently exiting the pandemic. Not sure that's a safe bet.

  • Like 1
Link to comment
Share on other sites

Hope springs eternal .. only to be dashed on the rocks of reality .. 2023 is too far away to be making claims like this when at the mo' it's a step forward , then a step back for everyone .. 

  • Like 1
Link to comment
Share on other sites

On 12/11/2021 at 7:05 AM, TukTuk said:

"Dumping a trillion baht into the economy"

That money has to be paid for somewhere along the line

Exactly.  All the money printing across the globe is going to lead to a much worse global economic collapse than 2008.  Inflation is going to be insane. Sad how these government economists push BS on to the masses.

  • Like 2
Link to comment
Share on other sites

58 minutes ago, Saunk said:

Exactly.  All the money printing across the globe is going to lead to a much worse global economic collapse than 2008.  Inflation is going to be insane. Sad how these government economists push BS on to the masses.

The Bank of Thailand gold buying is the largest short-term gold accumulation operation by any central bank in 2021. They bought 90 tonnes in 2 months alone. Speaks volumes.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Join Thaiger Talk Today!

    Sign up in 30 seconds and join the discussion on everything Thailand!

  • Latest Posts

    1. 8

      Trying to get a copy of a Thai Birth Certificate.

    2. 8

      Trying to get a copy of a Thai Birth Certificate.

    3. 8

      News Forum - Russian tourists lend a hand by cleaning Koh Samui beach

    4. 42

      News Forum - Thai police admit extorting money from Taiwanese actress

    5. 4

      News Forum - “Transfer to an inactive post’ – punishment or paradise?

  • New Topics

  • Tell a friend

    Love Thaiger Talk? Tell a friend!
×
×
  • Create New...

Important Information

By posting on Thaiger Talk you agree to the Terms of Use