Economist sees Thailand’s economy recovering next year

[webfact]

 

By Namo Vananupong

   

BANGKOK (NNT) - Owing to improving economic signals, Standard Chartered Thailand now expects the Thai economy to expand by 3% in 2022.

 

Standard Chartered Bank economist Tim Leelahaphan said the economy was recovering and would expand by 3% in 2022. Said recovery will be gradual, and attention needs to be given to the situation after the reopening of the country. If the spread of COVID-19 can be controlled well, 5-6 million tourists are expected to travel to Thailand. Monitoring is also needed for the export sector and for consumption.

 

Dr. Tim viewed that fiscal policy will remain the main driver of Thailand’s economy next year, as there remains a need to stimulate the tourism sector and consumption that have slumped because of COVID-19.

 

A challenge will be the implementation of monetary policy, with the Thai business sector still dependent on a low-interest policy. This was in contrast with other countries’ central banks starting to increase their policy interest rates. Owing to this situation, the money market is expected to be volatile.

 

The Standard Chartered economist expects the Thai Baht’s value to stay within the range of 31-32 baht per USD in the first half of 2022, and to end 2022 at 32 baht 50 satang per dollar.

 

-- © Copyright NNT 2021-10-27

 

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[Thailand]

My half blind almost deaf 16 year old Shi-tzu is of the same opinion.

[BestB]

Its kind of funny to read Thai economists predictions after reading nothing but bad news for the world economy for the past month coming from all different people and countries. Even predictions of Chinese economy being hit because of now 2 real estate companies getting into financial trouble.

 

But Thai economists usually know best and all will be awesome by next year

[RichardColeman]

35 minutes ago, webfact said:

If the spread of COVID-19 can be controlled well, 5-6 million tourists are expected to travel to Thailand. Monitoring is also needed for the export sector and for consumption.

That's interesting, an economist predicting near a third of the TAT's predicted figure of 2022 14 million.

 

And 3% is a dire prediction of the Thai economy for 2022, when the rest of the world is 4% up and 5 million tourists would be adding say 500 billion baht as well 

 

 

[mahtin]

My stepson has a degree in Economics from UTCC.

He works for a bank. He does not spout crystal ball nonsense.

[khunpa]

Great to hear everything will be well. I don’t see any signs at all of it around me, but maybe I just don’t understand how the economy works here…

[DaveSamutP]

4 hours ago, webfact said:

 

By Namo Vananupong

   

BANGKOK (NNT) - Owing to improving economic signals, Standard Chartered Thailand now expects the Thai economy to expand by 3% in 2022.

 

Smart looks and hand gestures. Must be smart. I trust him.

[DaveSamutP]

3 hours ago, mahtin said:

My stepson has a degree in Economics from UTCC.

He works for a bank. He does not spout crystal ball nonsense.

Thais in these positions are (a) expected to know virtually everything about everything and (b) face no checks and balances on their opinions as Thais would never openly criticize each other, esp not people in this socioeconomic group.

[cyril sneer]

what were last years predictions?

[nobodysfriend]

5 hours ago, webfact said:

Dr. Tim viewed that fiscal policy will remain the main driver of Thailand’s economy next year, as there remains a need to stimulate the tourism sector and consumption that have slumped because of COVID-19.

Free money !!!   55

 

5 hours ago, webfact said:

If the spread of COVID-19 can be controlled well, 5-6 million tourists are expected to travel to Thailand.

That could be realistic .

[hotchilli]

5 hours ago, webfact said:

Owing to improving economic signals, Standard Chartered Thailand now expects the Thai economy to expand by 3% in 2022.

Hedging his bets I see.

[cheapcanuck]

Must have went to the school of TAT.

[Scott Tracy]

Why oh why oh why?

 

Economists. Who gave them the job? Somebody pays them? Same as analysts, somebody pays them too?

 

Why does anyone give them the time of day?

 

Stop printing such errant nonsense. Please.

 

[Scott Tracy]

2 hours ago, DaveSamutP said:

Smart looks and hand gestures. Must be smart. I trust him.

Looks like a young Thai Tony Blair. Look what happened there.

[MrJ2U]

I hope he's wrong.

 

Im enjoying the weaker baht, uncrowded beaches, and cheap hotels.

 

Hotel rates are climbing fast.

[ArcticFox]

13 hours ago, webfact said:

BANGKOK (NNT) - Owing to improving economic signals, Standard Chartered Thailand now expects the Thai economy to expand by 3% in 2022.

Not if they continue to shine the spotlights on Covid and continue to dance to the The-Virus-Is-Gonna-Get-You minuet.  Nothing recovers until the "leaders" allow the country to live with Covid and move on.

[freedomnow]

I see 75 Baht to the pound soon...

 

2006 F-F-F-F-F-flashback or whenever it peaked in the 00s.

[Albert Zweistein]

I think it be only 32 baht 49 satang to te $ by the end of '22.

[talahtnut]

13 minutes ago, Albert Zweistein said:

I think it be only 32 baht 49 satang to te $ by the end of '22.

The FED is pushing for $49 to 1 satang.

[Danderman123]

In the sense that the economy cannot get worse, he may be right. 

[soalbundy]

Despite everything I still feel that Thailand hasn't lost it's Teflon coating.

[Mr Meeseeks]

8 hours ago, talahtnut said:

The FED is pushing for $49 to 1 satang.

All these fiat currencies will end up being worthless. 

 

I'm stacking Ethereum to hedge against the inevitable collapse of the World economy and have been doing so since last March at $70. It's now at $4k and has gone deflationary with EIP1559 so I expect $6k by EOY and $10k into 2022.