webfact Posted June 28, 2022 Share Posted June 28, 2022 By Thai PBS World’s Business Desk Despite the fast-rising inflation driven largely by food and energy costs, some economic research houses have recently revised upward or at least maintained their economic growth projections for Thailand for the year. Siam Commercial Bank’s Economic Intelligence Center (EIC) recently revised upward its economic growth forecast to 2.9 percent this year, up slightly from the previous projection of 2.7 percent, citing a recovery in tourism and services. Kasikorn Research Center maintains its economic growth projection of 2.5-2.9 percent, citing positive impact from the government fully reopening the country to foreign travelers from June 1. Tailwind: tourism The almost consensus view among economists is that the country is set to gain from reopening its doors to tourists. COVID-19 quarantine and related visa application rules have been scrapped. The number of tourist arrivals has so far risen faster than predicted by many observers. “We expect Thailand to welcome 7.4 million foreign tourists this year, up from the previous estimate of 5.7 million,” said Somprawin Manprasert, chief economist at EIC. Full story: https://www.thaipbsworld.com/international-headwinds-offset-thai-economys-gains/ -- © Copyright Thai PBS 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 More sharing options...
sammieuk1 Posted June 28, 2022 Share Posted June 28, 2022 RTP earnings will be up the rich earnings will be up the poor will be crushed in debt is how I see it ???? Link to comment Share on other sites More sharing options...
ThailandRyan Posted June 28, 2022 Share Posted June 28, 2022 Expectations are like assumptions. This country assumes a lot when it comes to tourism...... 1 Link to comment Share on other sites More sharing options...
starky Posted June 28, 2022 Share Posted June 28, 2022 So USD back to 30 then? ???????????? Link to comment Share on other sites More sharing options...
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