Thailand’s economy vulnerable as Omicron hits

[webfact]

 

By Panithan Onthaworn

 

Thailand’s economy is anticipated to record growth in 2022, but the emergence of the Omicron variant is signaling that the recovery may not be as rosy as expected.

 

The Kasikorn Research Center projected that Thailand’s domestic gross product (GDP) could grow under two scenarios in 2022, according to its latest research. 

 

The base-case scenario predicts 3.7 percent growth under the premise that the Omicron variant will be under control by the first quarter, while the worst-case scenario predicts 2.8 percent growth.

 

Full story: https://www.thaienquirer.com/35631/thailands-economy-vulnerable-as-omicron-hits/

 

-- © Copyright Thai Enquirer 2021-12-08

 

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[Tropicalevo]

"No lockdown, Omicron is under control: PM" (AseanNow)

 

The Thai economy is definitely vulnerable, but not because of Omicron.

The PM has that under control.

It must be the Generals' policies that are causing the problem.

 

 

 

[MrJ2U]

They think that life is suddenly going to go back to pre COVID-19 days.

 

Its not.

 

 

[Isaan sailor]

Omicron and a rising Baht.  That should sink the economy.  And there’s only one they can do anything about.

[mikebell]

So with imports getting cheaper we should see prices of foreign imports falling in Supermarkets?  It was a rhetorical question!

[Isaan sailor]

2 hours ago, mikebell said:

So with imports getting cheaper we should see prices of foreign imports falling in Supermarkets?  It was a rhetorical question!

Nope.  Thai Baht way up, prices continue to rise on imports.  That’s the amazing Thailand way.

[Don Chance]

99% of hospitalization from Omnicron are the unvaccinated. Get your booster and you will extra fine.

[mokwit]

30 minutes ago, Don Chance said:

99% of hospitalization from Omnicron are the unvaccinated. Get your booster and you will extra fine.

Can you give some supporting information on that - what country is you "data" from, for  example.

[Don Chance]

40 minutes ago, mokwit said:

Can you give some supporting information on that - what country is you "data" from, for  example.

https://archive.fo/rxoXf

[Saanim]

17 hours ago, Isaan sailor said:

Omicron and a rising Baht.  That should sink the economy.  And there’s only one they can do anything about.

 

1 hour ago, Isaan sailor said:

Nope.  Thai Baht way up, prices continue to rise on imports.  That’s the amazing Thailand way.

 

4 hours ago, mikebell said:

So with imports getting cheaper we should see prices of foreign imports falling in Supermarkets?  It was a rhetorical question!

Quite puzzled by the surprising findings above. The Baht is low as hasn't been for few years, $ 33+, GBP 42+. Or the Western currencies are high?

 

In any case,  the Thai economy is depending mainly on exports, so the exporters are happy, getting more Baht for their invoices that are mostly in the currency of the rich importers.

 

Neither the tourist businesses will complain, the tourists are lured by the low Baht and the hoteliers will get more Baht for the room.      

[Isaan sailor]

2 hours ago, Saanim said:

 

 

Quite puzzled by the surprising findings above. The Baht is low as hasn't been for few years, $ 33+, GBP 42+. Or the Western currencies are high?

 

In any case,  the Thai economy is depending mainly on exports, so the exporters are happy, getting more Baht for their invoices that are mostly in the currency of the rich importers.

 

Neither the tourist businesses will complain, the tourists are lured by the low Baht and the hoteliers will get more Baht for the room.      

Last week, put some $$ in @ 33.88 to USD.  Today 33.44.  Sure, Baht reasonable at 33.44,  but a whole lot more reasonable @ 33.88.

[Saanim]

2 hours ago, Isaan sailor said:

Last week, put some $$ in @ 33.88 to USD.  Today 33.44.  Sure, Baht reasonable at 33.44,  but a whole lot more reasonable @ 33.88.

Surely better for the exporters than 30 - 31 as it had been few months ago and throughout the past years... 

[fredscats]

The Kasikorn Research Center projected that Thailand’s domestic gross product (GDP) could grow under two scenarios in 2022, according to its latest research. 

 

No growth or low growth