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

[Thaiger]

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

[palooka]

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.

[Cabra]

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.

[Jason]

Making predictions at this stage is making the economists in Thailand looking like they were recruited from TAT.

[Dedinbed]

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 .. 

[AlexPTY]

obviously, this guy should resign... quickly

[TukTuk]

"Dumping a trillion baht into the economy"

That money has to be paid for somewhere along the line

[Saunk]

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.

[Artemis080]

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.