JSCCIB maintains Thailand’s 3-4.5 percent growth forecast

Thursday, 2022-01-13 22:29:59
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Illustrative image (Photo: Bangkok Post)
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NDO/VNA - The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has decided to maintain its GDP growth forecast for Thailand at 3-4.5 percent, believing the Government will not re-impose harsh lockdown measures and looking forward to better tourism prospects in the second quarter.

Its previous estimate of key economic indicators remains unchanged, with exports expanding by 3-5 percent and the inflation rate standing at 1.2-2 percent, along with moderate economic growth in 2022.

JSCCIB expected foreign arrivals to increase in the second quarter of this year. Throughout 2022, Thailand will welcome some 5-6 million tourists.

On January 13, Thailand recorded 8,167 more COVID-19 cases and 14 deaths in the past 24 hours, bringing the total infections to 2,300,457, including 21,883 fatalities.