Thai economy may grow less than 4.5% next year - fin ministry

 

FILE PHOTO: Cars pass a Skytrain (Bangkok Mass Transit System) construction site in Bangkok, Thailand May 13, 2018. REUTERS/Soe Zeya Tun

 

BANGKOK (Reuters) - Thailand's economy could grow less than a forecast of 4.5% next year after holding up better than expected in the third quarter, a finance ministry official said on Monday, adding government stimulus measures should ensure a strong recovery.

 

The anticipated slower 2021 growth would be due to a base effect after the economy contracted a less-than-expected 6.4% in the third quarter of 2020 from a year earlier, Kulaya Tantitemit, acting director of the ministry's Fiscal Policy Office, told reporters.

 

In October, the ministry forecast the economy would shrink 7.7% this year before growing 4.5% in 2021. It will review these projections next month.

 

(Reporting by Kitphong Thaichareon; Editing by Ed Davies)

 

-- © Copyright Reuters 2020-12-14

 

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Flip Flops on the day now doesn't it.  One day it will grow 6% next only 3.5%, and then...I like to think the statement would be 

1 hour ago, webfact said:

Thailand's economy could grow less than forecasted or could be more if the economy either picks up or sinks.

Yes I adjusted the statement.

I’ll take that bet and raise you five—so more than a 10% correction for next year.  Why so confident?  Look at the overpriced currency and 14-day quarantine.  And BoT’s reluctance to stop or discourage those mysterious foreign inflows.

Edited December 15, 20205 yr by Isaan sailor