NESDC cuts Thai economic growth in 2022 over war in Ukraine, lockdown in China

[webfact]

 

By Panithan Onthaworn

 

Thailand’s government on Tuesday revised down the country’s economic growth projection for 2022, due to concerns over fallout from the Russia-Ukraine war and the Covid-19 outbreak situation in China. 

 

The National Economic and Social Development Council, the government planning unit, lowered its growth outlook of Thailand’s gross domestic product (GDP) to 2.5 – 3.5 per cent, down from 3.5 – 4.5 per cent in February.

 

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“The Thai economy is vulnerable to the prolonged war in Ukraine, which is driving global energy prices and inflation,” NESDC secretary-general Danucha Pichayanan told a briefing. 

 

Full story: https://www.thaienquirer.com/40172/nesdc-cuts-thai-economic-growth-in-2022-over-war-in-ukraine-lockdown-in-china/

 

-- © Copyright Thai Enquirer 2022-05-17

 

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[Isaan sailor]

Not surprised.  Baht gyrates from one day to the next—hardly a sign of stability.

[hotchilli]

3 hours ago, webfact said:

Thailand’s government on Tuesday revised down the country’s economic growth projection for 2022, due to concerns over fallout from the Russia-Ukraine war and the Covid-19 outbreak situation in China. 

I wonder what the next excuse might be?

[AnotherFarang8]

25 minutes ago, hotchilli said:

I wonder what the next excuse might be?

Politicians never admit own faults, always shifting blame to someone else. Just look who Biden is blaming for high inflation in US. Thailand is doing nothing unusual here.

[dinsdale]

And the Baht will strengthen.

[RichardColeman]

2 hours ago, Isaan sailor said:

Not surprised.  Baht gyrates from one day to the next—hardly a sign of stability.

Dare say they will now make the baht even stronger to foolishly try and make up the difference

[sawadee1947]

3 hours ago, dinsdale said:

And the Baht will strengthen.

How and why?????

[dinsdale]

23 minutes ago, sawadee1947 said:

How and why?????

Sorry you didn't recognise sarcasm.

[RandiRona]

4 hours ago, hotchilli said:

I wonder what the next excuse might be?

Dirty Falang??

[RandiRona]

Not to worry....TAT is releasing numbers tomorrow negating this prediction.

[sawadee1947]

59 minutes ago, dinsdale said:

Sorry you didn't recognise sarcasm.

Next time please mark it

[dinsdale]

13 minutes ago, sawadee1947 said:

Next time please mark it

Not sure what you mean. I think my post was "the baht will stengthen". Not sure exactlty what part of this you would like me to mark as being sarcastic. Economy weakens and the baht will strengthen. Can you not see that I am suggesting currency manipulation or possibly you too are being toungue in cheek? If so please mark it (still not sure what that means).

Edited May 17, 2022 by dinsdale

[sawadee1947]

1 minute ago, dinsdale said:

Not sure what you mean. I think my post was "the baht will stengthen". Not sure exactlty what part of this you would like me to mark as being sarcastic. Economy weakens and the baht will strengthen. Can you not see that I am suggesting currency manipulation?

Which economy? Thailand? Probably for a couple of months only. After the Russian war will end the Economy will recover, even exploding.

[dinsdale]

26 minutes ago, sawadee1947 said:

Which economy? Thailand? Probably for a couple of months only. After the Russian war will end the Economy will recover, even exploding.

Nothing to do with my OP. Please refer back. Gist being Thai economy floundering = stronger Thai baht. Obvious reference to manipulation.

[sawadee1947]

1 hour ago, dinsdale said:

Nothing to do with my OP. Please refer back. Gist being Thai economy floundering = stronger Thai baht. Obvious reference to manipulation.

Are you sure you're answering the right thread?. Seems to be incoherent. ????

[Stargeezr]

Sarcasm Alert for the sawadee poster.  Thailand is the best country in the world

for everything. No pollution, no corruption, no bad things happen in Thailand.