Post by account_disabled on Dec 20, 2023 4:59:13 GMT
the Thai economy in 2022 to grow to 2.9% from the previous 2.7% due to the recovery of the tourism and service sectors after the country opened. In addition, the agricultural sector has benefited from rising world food prices. Increase domestic demand But inflation that will accelerate to the highest level in 24 years and exports that are likely to slow in line with the global economy are risk factors holding back the Thai economy. Assessing the driving force of the Thai economy in the next period will come from The tourism and service sectors have increased to replace the manufacturing sector for export.
EIC has revised the Thai economic growth fore Email Data cast for 2022 up to 2.9% (previously 2.7%) in line with the recovery of tourism and the service sector. Through the opening of the country to Thai tourists and the relaxation of border crossing measures in many countries around the world, EIC estimates that there will be a total of 7.4 million foreign tourists traveling to Thailand this year (previously 5.7 million people), as well as activities in the service sector. The country is still likely to recover from returning to live outside the home more. This follows the high vaccination rate and the relaxation of disease control measures by the government.
In addition, the agricultural sector will play an important role in driving economic growth this year. Agricultural production is likely to expand well, and agricultural product prices are likely to expand in line with rising world food prices due to supply factors affected by the war in Ukraine and Western sanctions against Russia. However, spending In a country supported by the recovery of the tourism and service sectors, which are important sources of employment. Increased agricultural income Including pent-up demand from those with purchasing power. There will still be pressure from inflation that will accelerate to the highest level in 24 years (EIC expects the average annual inflation rate to be 5.9%), while exports are likely to expand at a slower pace in the next period following the slowdown of the world economy.
EIC has revised the Thai economic growth fore Email Data cast for 2022 up to 2.9% (previously 2.7%) in line with the recovery of tourism and the service sector. Through the opening of the country to Thai tourists and the relaxation of border crossing measures in many countries around the world, EIC estimates that there will be a total of 7.4 million foreign tourists traveling to Thailand this year (previously 5.7 million people), as well as activities in the service sector. The country is still likely to recover from returning to live outside the home more. This follows the high vaccination rate and the relaxation of disease control measures by the government.
In addition, the agricultural sector will play an important role in driving economic growth this year. Agricultural production is likely to expand well, and agricultural product prices are likely to expand in line with rising world food prices due to supply factors affected by the war in Ukraine and Western sanctions against Russia. However, spending In a country supported by the recovery of the tourism and service sectors, which are important sources of employment. Increased agricultural income Including pent-up demand from those with purchasing power. There will still be pressure from inflation that will accelerate to the highest level in 24 years (EIC expects the average annual inflation rate to be 5.9%), while exports are likely to expand at a slower pace in the next period following the slowdown of the world economy.
