Economy will grow 1.5-3.5% this year: JSCCID

By THE NATION

 

 

The Joint Standing Committee on Commerce, Industry and Banking (JSCCID) estimated on Wednesday that the Thai economy would grow 1.5-3.5 per cent this year.

 

In addition, exports are likely to grow by 3-5 per cent, while inflation is hoped to be at most 1 per cent.

 

The JSCCID said the economy in the first quarter would be pressured by the Covid-19 crisis.

 

The factors that could help a recovery in the short term include the government’s ability to deal with the virus and its measures to assist businesses, the committee pointed out.

 

It asked the government to tackle the container shortage problem, which is affecting exports, and said the government should find a way to help the sale of fruits produced from March.

 

The JSCCID also voiced concern that trade between Thailand and Myanmar would experience “obstructions” if other countries intervened over the coup in that country.

 

More importantly, the committee asked the government to focus on procuring Covid-19 vaccines as quickly as possible, as this would help the economy and tourism.

 

Source: https://www.nationthailand.com/news/30402230

 

 

-- © Copyright The Nation Thailand 2021-02-04

 

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12 minutes ago, webfact said:

The Joint Standing Committee on Commerce, Industry and Banking (JSCCID) estimated on Wednesday that the Thai economy would grow 1.5-3.5 per cent this year.

So, these predictions have come down from 5 to 4 to 3.5% to possibly even 1.5 , Not opening up you may as well keep it going.

 

 

If tourism is 20% of GDP, and you may do 5million tourists, which will be less than 2020...you may need to recalculate TAT2021GUESS.XLS

50 minutes ago, webfact said:

In addition, exports are likely to grow by 3-5 per cent,

with the baht currently uncertainty, wishful hoping   555

53 minutes ago, webfact said:

estimated on Wednesday that the Thai economy would grow 1.5-3.5 per cent this year.

wohoww that's a wide range,  like  double or nothing, not too long ago their predictions were around 4-5% now 1.5-3.5% by the end of the month they will back with another revised version of 0.5 %-1%.... keep the dream on

57 minutes ago, webfact said:

Economy will grow 1.5-3.5% this year

By "grow 1.5-3.5%" do you really mean "shrink by a metric butt ton?"

20 hours ago, webfact said:

Thai economy would grow 1.5-3.5 per cent this year.

 

In addition, exports are likely to grow by 3-5 per cent, while inflation is hoped to be at most 1 per cent

So no real idea then?

Empty vessels make the most noise.