Jump to content

Thai economy to keep growing amid inflation exceeding target, central bank says


webfact

Recommended Posts

image.jpeg

 

By Panithan Onthaworn

 

The Bank of Thailand (BoT) said on Monday the economy will grow in 2022 and 2023 thanks to domestic demand and tourism, despite inflation rising above its target range.

 

“Going forward, the recovery in domestic demand and tourism industry will be major drivers of the Thai economy,” assistant governor of the bank’s Monetary Policy Group, Piti Disyatat, told an analysts meeting.

 

The BoT’s current growth projection is 3.3 percent this year, followed by 4.2 percent in 2023.

 

However, Piti warned that there is a greater chance that inflation may be higher than anticipated, breaching the target range of 1-3 per cent. Thailand saw its biggest jump on inflation in almost 14 years in May, with a 7.1 per cent jump year-on-year. 

 

Full story: https://www.thaienquirer.com/41248/thai-economy-to-keep-growing-amid-inflation-exceeding-target-central-bank-says/

 

TE

-- © Copyright Thai Enquirer 2022-06-28

 

- Cigna 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.

 

Easiest way to own or rent a car in Thailand - click here to find out more!

Link to comment
Share on other sites

Yeah, despite inflation!? Eeeh, they is generally what happens with a country the depend as much on export as Thailand do.

 

But, is it good development? NO!

Edited by Gottfrid
Link to comment
Share on other sites

8 hours ago, webfact said:

However, Piti warned that there is a greater chance that inflation may be higher than anticipated, breaching the target range of 1-3 per cent. Thailand saw its biggest jump on inflation in almost 14 years in May, with a 7.1 per cent jump year-on-year. 

A target range of 1 - 3 % !!!!

I guess these people been smoking the same pipe as TAT

Inflation is already at 7.1 % if these people are to be believed, but many believe it to be much higher.

More is to come for sure AIMO, Inflation will be nearer to 9 - 11 % by Year end possibly more.

Sounding optimistic is good, but sounding ignorant is very bad especially from such an Organization.

 

  • Like 1
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...