Popular Post webfact Posted October 27, 2021 Popular Post Share Posted October 27, 2021 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 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates 1 2 Link to comment Share on other sites More sharing options...
Popular Post Thailand Posted October 27, 2021 Popular Post Share Posted October 27, 2021 My half blind almost deaf 16 year old Shi-tzu is of the same opinion. 2 5 Link to comment Share on other sites More sharing options...
Popular Post BestB Posted October 27, 2021 Popular Post Share Posted October 27, 2021 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 2 1 Link to comment Share on other sites More sharing options...
RichardColeman Posted October 27, 2021 Share Posted October 27, 2021 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 2 Link to comment Share on other sites More sharing options...
mahtin Posted October 27, 2021 Share Posted October 27, 2021 My stepson has a degree in Economics from UTCC. He works for a bank. He does not spout crystal ball nonsense. 1 Link to comment Share on other sites More sharing options...
khunpa Posted October 27, 2021 Share Posted October 27, 2021 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… 1 1 Link to comment Share on other sites More sharing options...
DaveSamutP Posted October 27, 2021 Share Posted October 27, 2021 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. 1 1 Link to comment Share on other sites More sharing options...
DaveSamutP Posted October 27, 2021 Share Posted October 27, 2021 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. 2 Link to comment Share on other sites More sharing options...
cyril sneer Posted October 27, 2021 Share Posted October 27, 2021 what were last years predictions? 1 Link to comment Share on other sites More sharing options...
nobodysfriend Posted October 27, 2021 Share Posted October 27, 2021 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 . Link to comment Share on other sites More sharing options...
hotchilli Posted October 27, 2021 Share Posted October 27, 2021 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. Link to comment Share on other sites More sharing options...
cheapcanuck Posted October 27, 2021 Share Posted October 27, 2021 Must have went to the school of TAT. 1 Link to comment Share on other sites More sharing options...
Scott Tracy Posted October 27, 2021 Share Posted October 27, 2021 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. 1 Link to comment Share on other sites More sharing options...
Scott Tracy Posted October 27, 2021 Share Posted October 27, 2021 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. 2 Link to comment Share on other sites More sharing options...
Popular Post MrJ2U Posted October 27, 2021 Popular Post Share Posted October 27, 2021 I hope he's wrong. Im enjoying the weaker baht, uncrowded beaches, and cheap hotels. Hotel rates are climbing fast. 3 Link to comment Share on other sites More sharing options...
ArcticFox Posted October 27, 2021 Share Posted October 27, 2021 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. 2 Link to comment Share on other sites More sharing options...
freedomnow Posted October 27, 2021 Share Posted October 27, 2021 I see 75 Baht to the pound soon... 2006 F-F-F-F-F-flashback or whenever it peaked in the 00s. 1 Link to comment Share on other sites More sharing options...
Albert Zweistein Posted October 27, 2021 Share Posted October 27, 2021 I think it be only 32 baht 49 satang to te $ by the end of '22. Link to comment Share on other sites More sharing options...
talahtnut Posted October 27, 2021 Share Posted October 27, 2021 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. 1 Link to comment Share on other sites More sharing options...
Danderman123 Posted October 27, 2021 Share Posted October 27, 2021 In the sense that the economy cannot get worse, he may be right. 1 Link to comment Share on other sites More sharing options...
soalbundy Posted October 28, 2021 Share Posted October 28, 2021 Despite everything I still feel that Thailand hasn't lost it's Teflon coating. Link to comment Share on other sites More sharing options...
Mr Meeseeks Posted October 28, 2021 Share Posted October 28, 2021 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. 1 Link to comment Share on other sites More sharing options...
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