Thailand’s Fiscal Policy Office has adjusted the economic growth projection for this year to 3.4%, down from 3.5%, due to a slowdown in private investment, from a projection of 5.7% to 5.1%, because of raw material price increases.

 

The office forecasts, however, that the growth projection for next year will be increased to 3.8%, due to the anticipated return of Chinese tourists in the second half of the year.

 

Improvement in the tourism sector, as a result of the easing of travel restrictions, saw more tourists visiting Thailand, with the number of foreign arrivals for the first nine months of this year registered at 5.7 million, which is expected to increase to 10.2 million by year’s end, instead of 8 million as previously forecast, said the office.

 

Full Story: https://www.thaipbsworld.com/thailands-economic-growth-for-2022-adjusted-down-to-3-4-percent/

 

-- © Copyright Thai PBS 2022-10-28

 

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Another crystal ball moment from the financial gurus

Keep it dropping way downnnnnnnnnnnnnnnn

And the rest!!

Incredible that officials can re-adjust forecast about 8 weeks from the end of the year. It's almost like they will get a bonus for getting it right, even though they adjusted it down every month for  a year !

""The office forecasts, however, that the growth projection for next year will be increased to 3.8%, due to the anticipated return of Chinese tourists in the second half of the year.""

 

Perfect timing, if true then I will have enjoyed the dollar to baht boon for me. And I will be on my way..  Life is good.  I'll let the door hit me in the ass and send me to my next port of call...

19 hours ago, snoop1130 said:

The office forecasts, however, that the growth projection for next year will be increased to 3.8%, due to the anticipated return of Chinese tourists in the second half of the year.

Keep adjusting it's rather fluid out there at the moment.

How about 3%? Much easier to understand.