Omicron will only disrupt Thai economy in first quarter of 2022, private sector says

[webfact]

 

By Panithan Onthaworn

 

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) predicted on Wednesday that the outbreak of the Omicron variant will be under control by the first quarter of 2022.

 

The group retains its 2022 economic growth outlook at 3.5-4.5 per cent, with exports rising by 3-5. per cent and 1.2-2 per cent for inflation, unchanged from its last meeting in December.

 

“We are confident that the country’s public health system is prepared,” Sanan Angubolkul, chairman of the Thai Chamber of Commerce, one of the JSCCIB’s three members, told a virtual briefing. 

 

Full story: https://www.thaienquirer.com/36451/omicron-will-only-disrupt-thai-economy-in-first-quarter-of-2022-private-sector-says/

 

-- © Copyright Thai Enquirer 2022-01-13

 

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[inactiveposter]

Every group has predictions. The Hub of Everything.

[RichardColeman]

31 minutes ago, webfact said:

and 1.2-2 per cent for inflation,

Sometimes I just want to give up with Thai predictions. Fact the world is seeing 5% up inflation rising across the world you would think would be a kick up the bottom to these people to at least think along similar lines

[RandiRona]

May be the first 2 days of every month but good afterwards in a month.......Dr Chulaworkhorse.

[Willy Wombat]

I’ll wait for Dr Yongs expert comments if you don’t mind

[HappyExpat57]

2 hours ago, webfact said:

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) predicted

I bet they have a great time making bets on who can come up with the biggest porkies.

[ikke1959]

The first quarter is disrupted by Omicron, the second quarter by...... and the third quarter by....

Predictions every day and reasons why more than we can find...

[ChrisP24]

Omicron, maybe.  But then there are the known unknowns and the unknown unknowns.  Omicron was one of the latter not so many weeks ago. 

[hotchilli]

4 hours ago, webfact said:

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) predicted on Wednesday that the outbreak of the Omicron variant will be under control by the first quarter of 2022

Such optimism.

[sezze]

Other topic just started says , Test & Go unlikely to return before middle of 2022 . That tourism isn't the complete economy is true , but in Thailand it is a good chunk . If you leave tourism out , what damage does Omicron do , anything more then Covid has done before ? I'm not staying Thailand , so i can only see it from far away , but anywhere i hear nothing more , in fact in most places less then previous variants . So that leaves a damage for tourism , which certainly is hurt from Omicron . If Test & Go is scrapped until middle of 2022 , not a lot of tourists will arrive in 2nd quarter also . That's just my opinion ...

[mtls2005]

Odd choice for a photo?

 

Is chatuchak market representative of the "thai economy", or just heaving with omicron?

 

<That is some primo real estate, (great location). I know the SRT manages it, but do they own the land?>

 

 

 

 

[Stargeezr]

Meanwhile the present government lead by its General PM disrupts the economy all year long.