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Private Sector Lowers GDP Growth Forecast

snoop1130

By snoop1130
in Thailand News Headlines

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BANGKOK, March 2 (TNA) – The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) revised its prediction on the Thai economic growth downwards to 2.5-4.5% this year while proposing the government and the private sector monitor and assess local and international situations closely together.

 

Supant Mongkolsuthree, chairman of the Federation of Thai Industries and chair of JSCCIB’s meeting this month, said the Russia-Ukraine conflict was severer and longer than anticipated and raised considerably crude and natural gas prices worldwide.

 

The price of crude oil reached US$100 per barrel for the first time in eight years, increased production costs and affected global economy, he said.

 

Full Story: https://tna.mcot.net/english-news-894037

 

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-- © Copyright TNA 2022-03-02
 

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