Thailand’s economic growth for 2022 adjusted down to 3.4 percent

13 Sept 11:15 Key points summarised by AI

Thailand's Fiscal Policy Office revised the 2022 economic growth projection down to 3.4%, from 3.5%, primarily due to a slowdown in private investment driven by increased raw material prices.
Despite the 2022 adjustment, the growth forecast for 2023 is optimistic, increasing to 3.8% largely due to the anticipated return of Chinese tourists.
The tourism sector is experiencing a significant recovery, with foreign arrivals projected to reach 10.2 million by year-end 2022 and 21.5 million in 2023, generating substantial revenue.
Domestic private consumption is also set to grow by 7.9% in 2022, supported by government stimulus, while inflation is expected to moderate to 2.9% in 2023.

Examining Thailand’s four-part education revolution

Today 14:22 Key points summarised by AI

Thailand's Education Ministry is implementing a four-pronged strategy to address its students' below-average performance in PISA 2025 and tackle significant educational inequality.
The plan prioritizes closing performance gaps by increasing funding for small and low-income schools, overhauling the curriculum to foster critical thinking, and adopting a data-driven management system to reduce teacher workload.
Key initiatives include enhancing school safety, combating cyberbullying, and expanding mental health support through peer-to-peer networks, recognizing the severe impact of distress on academic performance.
An education expert advises verifying if PISA improvements stem from structural changes, advocating for a revived STEM curriculum with practical 'learn by doing' methods, and urging bureaucratic reform to link teacher evaluations to student development.