snoop1130 Posted January 28, 2022 Share Posted January 28, 2022 ©ok_20.postjung.com The Thai national economy is expected to grow by 4% this year, thanks to the limited impacts of the COVID-19 pandemic in many countries, the recovery in tourism under the “Test and Go” program and export growth, according to a forecast by the Fiscal Policy Office at the Finance Ministry. Ministry Spokesman and Director of the Fiscal Policy Office, Pornchai Theeravet, said today (Friday) that originally projected growth of 1% for the whole of last year has been increased to 1.2%, thanks to an increase in exports, other economic stimulus packages and the improvement in the COVID-19 situation following mass vaccinations. The country saw 0.2% expansion in consumption by the private sector for last year, with private sector investment increasing by 3.7% and exports by 19% which, collectively, contributed to the improved growth rate for last year, said Pornchai. Full Story: https://www.thaipbsworld.com/thailands-economy-forecast-to-grow-by-4-next-year/ -- © Copyright Thai PBS 2022-01-28 - Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. - Follow ASEAN NOW on LINE for breaking COVID-19 updates 1 Link to comment Share on other sites More sharing options...
Soikhaonoiken Posted January 28, 2022 Share Posted January 28, 2022 Keep dreaming.... if Thailand insists on these silly entry rules for tourists... Link to comment Share on other sites More sharing options...
meechai Posted January 29, 2022 Share Posted January 29, 2022 13 hours ago, snoop1130 said: The Thai national economy is expected to grow by 4% this year, thanks to the limited impacts of the COVID-19 pandemic in many countries, the recovery in tourism under the “Test and Go” program You can do magic You can have anything that you desire Magic And you know you're the one who can put out the fire ???? 1 Link to comment Share on other sites More sharing options...
Nigeone Posted January 29, 2022 Share Posted January 29, 2022 Theres those flying pigs reving up again for this weeks fantasy parade 1 Link to comment Share on other sites More sharing options...
soalbundy Posted January 29, 2022 Share Posted January 29, 2022 They are probably right, Teflon still shines in Thailand, I doubt that they can rely on tourism as much as they did in the past but there are enough entrepreneurs in Thailand who could take advantage of the damaged supply chain to make a quick buck in the next few years ahead. Link to comment Share on other sites More sharing options...
spidermike007 Posted January 30, 2022 Share Posted January 30, 2022 Total nonsense. Contract by 12% would be more truthful and accurate. Tourism alone contributed to 20% of the GDP, and it is gone baby gone. Although they have re-instated the test and go, and I give them credit for that, asking for the 2nd test after 5 days is enough of a hurdle, without asking for a 2nd night of quarantine. Sounds like a real deal breaker to me. Plus, foreign investments are dropping, as the world loses faith in the capability of this administration, and the real estate market is very weak. Both commercial and condos. So, stop playing these games, man up, and start telling us what is really going on. 1 Link to comment Share on other sites More sharing options...
StayinThailand2much Posted January 30, 2022 Share Posted January 30, 2022 (edited) More likely that I will grow 4% this year... While I have no doubt that there will be a year when Thailand's economy will grow by 4%, I also think that it won't do so in 2022, and probably not in 2023 either. Edited January 30, 2022 by StayinThailand2much Link to comment Share on other sites More sharing options...
Eric Loh Posted January 30, 2022 Share Posted January 30, 2022 (edited) Quite in line with ADB and WB forecast of 3.9% from rebound in exports and improved domestic spending while international tourism will continue to struggle. Edited January 30, 2022 by Eric Loh Wrong word Link to comment Share on other sites More sharing options...
Chongalulu Posted January 30, 2022 Share Posted January 30, 2022 4% is actually very poor for a developing country supposedly recovering from the pandemic. Even developed UK is forecast around 7% and France and Germany greater than 4%. The continued destruction of the tourist industry likely accounts for depressing a better figure. 1 Link to comment Share on other sites More sharing options...
Neeranam Posted January 30, 2022 Share Posted January 30, 2022 6 hours ago, spidermike007 said: Tourism alone contributed to 20% of the GDP More like 10-15% according to my sources, Link to comment Share on other sites More sharing options...
spidermike007 Posted January 30, 2022 Share Posted January 30, 2022 36 minutes ago, Neeranam said: More like 10-15% according to my sources, I think when you take into account the entire (mostly underground and not accounted for) sex industry, it is 20%. A guy falls for a bar girl. Soon enough he is building her a 2-4 million baht home. Then he moves here and spends a million baht on a car. And an additional 100,000 baht a month. People like to downplay these numbers, but they add up. And there are alot of related industries and businesses that are likely unaccounted for in those numbers. 2 Link to comment Share on other sites More sharing options...
Neeranam Posted January 30, 2022 Share Posted January 30, 2022 8 minutes ago, spidermike007 said: I think when you take into account the entire (mostly underground and not accounted for) sex industry, it is 20%. A guy falls for a bar girl. Soon enough he is building her a 2-4 million baht home. Then he moves here and spends a million baht on a car. And an additional 100,000 baht a month. People like to downplay these numbers, but they add up. And there are alot of related industries and businesses that are likely unaccounted for in those numbers. Good point. But many of these guys are not tourists as such. Link to comment Share on other sites More sharing options...
spidermike007 Posted January 30, 2022 Share Posted January 30, 2022 1 minute ago, Neeranam said: Good point. But many of these guys are not tourists as such. OK. Maybe we should say tourists and expats make up 20% of the economy. The shame is, expats are leaving by the tens of thousands. Being driven out by spectacularly stupid and toxic policy. 1 Link to comment Share on other sites More sharing options...
daveAustin Posted January 30, 2022 Share Posted January 30, 2022 Having lost so much over the last couple years, even a 4% increase (which is tosh) for Thailand this year would be pretty dire. Link to comment Share on other sites More sharing options...
arithai12 Posted January 30, 2022 Share Posted January 30, 2022 5 hours ago, spidermike007 said: OK. Maybe we should say tourists and expats make up 20% of the economy. The shame is, expats are leaving by the tens of thousands. Being driven out by spectacularly stupid and toxic policy. Apart from showing your despise for the way that tourism has been managed, on which I agree, your posts make little sense. As you say, about 20% of real economy was in tourism/expat pre-pandemic. But there is the other 80%. The fact is, the first year of pandemic caused a giant drop in all world economies, irrespective of tourism. The rebound from that drop looks huge in percentage terms, even if we are still down to pre-pandemic. That is why countries like US, UK, France, etc are posting fantastic year-to-year gains of 6-7%. Why not Thailand, where the largest industries (manufacturing, agriculture) are aligned with the global economy. Deduct 20% (tourism) from 7% (total), and you are not far from the 4% forecast which is in fact smaller than many other large economies and looks realistic to me. Link to comment Share on other sites More sharing options...
jacko45k Posted January 31, 2022 Share Posted January 31, 2022 14 hours ago, spidermike007 said: I think when you take into account the entire (mostly underground and not accounted for) sex industry, it is 20%. A guy falls for a bar girl. Soon enough he is building her a 2-4 million baht home. Then he moves here and spends a million baht on a car. And an additional 100,000 baht a month. People like to downplay these numbers, but they add up. And there are alot of related industries and businesses that are likely unaccounted for in those numbers. But that is not tourism...... Link to comment Share on other sites More sharing options...
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