FPO Points out Key Factors to Revise GDP Growth

 

 

BANGKOK (NNT) - The Fiscal Policy Office (FPO) says domestic virus inoculation, foreign tourist arrivals and export growth are among the key variables determining the revision of GDP growth outlook this year.

 

FPO adviser Wuttipong Jittungsakul said other factors influencing the economic growth assessment are the impact of the drought on agriculture and the efficacy of the government’s financial relief measures to sustain private consumption.

 

He said the agency plans to update its economic growth projection for Thailand again in April, adding that domestic economic conditions slowed in January compared with December as there was a steep contraction in car purchases.

 

The FPO forecasts full-year foreign tourist arrivals at 5 million this year, down from 8 million projected previously, while exports to expand by 6.2% based on economic recovery among Thailand’s major trading partners, such as China, the euro-zone bloc, Japan, Malaysia, the US and Vietnam.

 

-- © Copyright NNT 2021-02-25

 

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25 minutes ago, snoop1130 said:

FPO Points out Key Factors to Revise GDP Growth

can't believe these people, another GDP revision, it's the 3rd time but this one only indicates the exports to growth by 6.2%... dreamers that's what they are

14 hours ago, snoop1130 said:

The Fiscal Policy Office (FPO) says domestic virus inoculation, foreign tourist arrivals and export growth are among the key variables determining the revision of GDP growth outlook this year.

Finger on the pulse as usual.