Finance Ministry Reduces New 2021 Economic Growth Forecast to 2.3%

[webfact]

 

By Paphamon Arayasukawat

   

BANGKOK (NNT) - The Finance Ministry has reduced its 2021 economic growth forecast for a second time to 2.3% from 2.8% growth, after a third wave of coronavirus infections struck Thailand this month.

 

Fiscal Policy Office (FPO) Director-General Kulaya Tantitemit said the ministry slashed its forecast for the number of foreign tourists to only 2 million this year from 5 million it had predicted three months ago.

 

She said the expected fewer tourists will have quite an impact as that will cut tourism money to just over 100 billion baht from 260 billion baht previously projected. The latest outbreak has seen half of its overall cases reported this month alone and came as the country was preparing to reopen more broadly to foreign tourists, as vaccinations increase globally.

 

The Director-General said inoculations at home and abroad could provide some support. The distribution of vaccines is very important as it will be positive for economic activity. The Finance Ministry also expects the economy to expand more late in the third quarter or early in the fourth quarter.

 

-- © Copyright NNT 2021-04-30

 

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[petermik]

What a sweet smile on that lady,s face......

[Excel]

Just now, petermik said:

What a sweet smile on that lady,s face......

Shame there' not a lot in the head though, but a Major General, wow

[colinneil]

Just now, petermik said:

What a sweet smile on that lady,s face......

Cold shower time for you.????????????????????

[AlfHuy]

Can I have her number please.

Maybe I can help a bit.

[AlfHuy]

 2 million this year from 5 million it had predicted three months ago.

 

She said the expected fewer tourists will have quite an impact as that will cut tourism money to just over 100 billion baht from 260 billion

 

Should be 104 Billion but what's 4 Billion plus or minus.

[AlfHuy]

4 minutes ago, colinneil said:

Cold shower time for you.????????????????????

If she would work for TAT, I would read their news 25 times a day with great pleasure.

[trainman34014]

When things are looking up there is always a Male 'General' spouting the news while sticking out his chest proudly.  When things are getting worse they boot the Young Lady's under the Bus in front of the camera's !

[RichardColeman]

18 minutes ago, webfact said:

The Finance Ministry has reduced its 2021 economic growth forecast for a second time to 2.3% from 2.8% growth, after a third wave of coronavirus infections struck Thailand this month.

Been predicting 0 or minus growth this year since the start of the year, I'll stick with a big fat zero - especially now the PM is talking opening next year.

[AlfHuy]

Just now, RichardColeman said:

Been predicting 0 or minus growth this year since the start of the year, I'll stick with a big fat zero - especially now the PM is talking opening next year.

Richard for Minister of Finance of Head of the Bank of Thailand.

 

Go and buy your General uniform.

My vote you have.

[RichardColeman]

3 minutes ago, AlfHuy said:

Richard for Minister of Finance of Head of the Bank of Thailand.

 

Go and buy your General uniform.

My vote you have.

Listen if us armchair critics can predict the flaming obvious, then what the 'professionals' get paid large salaries for is anyone's guess. Me getting a prefix General would only lead me to promoting garbage figures to stay in line with company policy.

[rumak]

We are close friends,   and when i visit our children help with the forecasts :

 

[DLock]

 

45 minutes ago, webfact said:

Fiscal Policy Office (FPO) Director-General Kulaya Tantitemit said the ministry slashed its forecast for the number of foreign tourists to only 2 million this year from 5 million it had predicted three months ago.

 

...actually, the numbers were cut from 6.5million to 4million only 6 days ago.

 

Today they are revised down from 5million to 2million...guys, please get on the same page.

 

I think we can all see the trend and that is will end up less than 1million.

 

 

[grandpa]

Is it me or do these figures change at least once a week!

 

[bluedoc]

3 hours ago, AlfHuy said:

Should be 104 Billion but what's 4 Billion plus or minus.

It’s funny that. Covid figures go down. But the arithmetic on the finances need to be checked by teacher.