snoop1130 Posted October 17, 2022 Share Posted October 17, 2022 Thailand’s economy is expected to sustain growth, thanks to the well-performing tourism sector, according to Siam Commercial Bank’s Economic Intelligence Center (SCBEIC). The center expects Thailand’s economy to receive a positive push from the tourism sector, in which more foreign visitors are to visit the country during the country’s peak tourism season in Q4, helping create more jobs within the sector. The export sector, which is considered a key economic driver, is showing growth. The sector’s performance, as well as the performance of export-related industries, is expected to slow down in line with the global economy. Consumption by private firms is showing positive signs in almost every category. The center expects the inflation crisis to have passed its peak and that the inflation rate to gradually decrease in line with the decreasing fuel prices. Meanwhile, the flooding disaster which has affected several parts of the country this year will cause some 12 billion baht in damages, which is still lower than the figure in 2011. SCBEIC expects Thailand’s Monetary Policy Committee to continue to gradually increase the country’s policy interest rate to 2%. Thailand’s economy is to perform at a pre-pandemic rate by mid-2023. Source: https://thainews.prd.go.th/en/news/detail/TCATG221017161900503 -- © Copyright NNT 2022-10-17 - 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. Monthly car subscription with first-class insurance, 24x7 assistance and more in one price - click here to find out more! Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted October 17, 2022 Popular Post Share Posted October 17, 2022 12 hours ago, snoop1130 said: Thailand’s economy is expected to sustain growth, thanks to the well-performing tourism sector Right........... Enjoy the small blip while you can, if the world hits more recessions you'll be back at stage one again 2 1 Link to comment Share on other sites More sharing options...
mjakob007 Posted October 18, 2022 Share Posted October 18, 2022 no tourists to some, can be considered growth... but nothing compared to pre-pandemic era, in the near future Link to comment Share on other sites More sharing options...
Cake Monster Posted October 18, 2022 Share Posted October 18, 2022 17 hours ago, snoop1130 said: The export sector, which is considered a key economic driver, is showing growth. The sector’s performance, as well as the performance of export-related industries, is expected to slow down in line with the global economy. In the region where I live, there is already a sharp dive in Factory output. Workers on short time, shifts cancelled, and in some cases lay offs. A lot worse to come me thinks Link to comment Share on other sites More sharing options...
vivananahuahin Posted October 18, 2022 Share Posted October 18, 2022 it was also a 0 covid politic for more of one year with many consequences, now all the world will be in a recession in 2023 Thailand no and now growing and growing, i hope so but sometimes wisdom and transparency are more of necessary. Link to comment Share on other sites More sharing options...
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