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Thailand’s economic think tank predicts 3.2% growth this year

Thailand’s economic think tank predicts 3.2% growth this year

13 Sept 13:54 Key points summarised by AI
  • Thailand's National Economic and Social Development Council (NESDC) forecasts a 3.2% economic growth for 2022, primarily driven by a robust recovery in the tourism sector.
  • The return of foreign tourists, following eased travel restrictions, is expected to boost third-quarter growth to 4.5%, significantly contributing to the overall annual projection.
  • Minor economic stimulus packages, such as “Shop Dee Mee Kuen,” are being considered to increase consumer purchasing power, with next year's package offering tax deductions on electrical appliance purchases.
  • NESDC also recommends the government address pressing issues like household debt, fair farm produce prices, export promotion, and measures to protect the Thai economy from global crises.
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