webfact Posted April 3, 2022 Share Posted April 3, 2022 by Natthaphon Sangpolsit BANGKOK (NNT) - The Bank of Thailand (BOT) has said the Kingdom’s economic activity in March came under pressure from rising coronavirus infections and higher inflation driven by increasing energy prices, following a recovery in the previous month. According to the central bank, overall business activity was steady in March, while the baht depreciated following an escalation of the Russia-Ukraine conflict. Senior BOT Director Chayawadee Chai-Anant told a news conference, however, that the Thai economy should remain on the recovery path. She said the economy in "the first quarter recovered but not strikingly, compared with a very good fourth quarter," adding that the recovery was expected to continue in the second quarter of this year. Keep up to date with all things Thailand - Join our daily ASEAN NOW Thailand Newsletter - Click to subscribe The economy grew a faster-than-expected 1.9% in the fourth quarter of 2021 from a year earlier. On Wednesday, the BOT trimmed its 2022 economic growth forecast to 3.2% from 3.4% and raised its headline inflation to 4.9%, above its target range of 1%-3%, due to the impact of the war in Ukraine. The BOT said in a statement that the economy in February recovered due to stronger exports and more foreign tourists after an easing of coronavirus curbs that also helped improve manufacturing. Exports, a key driver of growth, rose 16.0% in February from a year earlier, with imports up 14.2% year-on-year, resulting in a trade surplus of $3.4 billion. The country recorded a current account deficit of US$652 million in February after seeing a deficit of $2.2 billion in the previous month. -- © Copyright NNT 2022-04-04 - 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 Link to comment Share on other sites More sharing options...
Popular Post Isaan sailor Posted April 3, 2022 Popular Post Share Posted April 3, 2022 At the close of currency trading on Saturday, the Baht rose against every currency with the same chart pattern. It makes you wonder… 4 Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted April 4, 2022 Popular Post Share Posted April 4, 2022 4 hours ago, webfact said: She said the economy in "the first quarter recovered but not strikingly, compared with a very good fourth quarter," adding that the recovery was expected to continue in the second quarter of this year. Scraping by is a good analogy for most workers. While the billionaires are doing well. 3 Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted April 4, 2022 Popular Post Share Posted April 4, 2022 5 hours ago, webfact said: while the baht depreciated following an escalation of the Russia-Ukraine conflict. Sorry, must have blinked and missed that hiccup ! Total tosh. 4 Link to comment Share on other sites More sharing options...
Peterphuket Posted April 4, 2022 Share Posted April 4, 2022 i.e. how do we fool the people again. Link to comment Share on other sites More sharing options...
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