Bank of Thailand’s chief forecasts 3.6% economy growth this year

Despite turmoil in Banking Sector in the first half of the year and uncertainty in the global financial system.

However, he added, the BOT forecasts 2.9% growth over the prior year for the economy in the 1st half, with a 7.1% decline in exports.

[{"selector":"#anim-36558aa2-8360-4f59-989b-2db7a3abfee5","keyframes":{"transform":["translate3d(108.81458%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b779b38d-e8a0-4ef9-9e4d-1ce15befc8e0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-02973679-2eca-4797-aec9-39231fa2047c","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

Sethaput stated that the BOT anticipated 28 million international visitor visits this year, down from over 40 million in 2019 prior to the pandemic.

[{"selector":"#anim-c482b8e6-a9d7-4f4c-8927-9e085322c095","keyframes":{"transform":["translate3d(121.78570%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-14ccb8da-0857-4cb0-a168-91aa8689f502","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b9a96566-7ea2-46ad-8682-66edf38fd8df","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

Even while the BOT’s goal range of 1% to 3% was once again met by headline inflation last month. Sethaput warned that inflation risks persisted and needed to be closely watched.

[{"selector":"#anim-439819d7-2906-4210-9daf-ea28bd33d8f0","keyframes":{"transform":["translate3d(110.62500%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d173fc9c-29ef-46bc-9557-58beb5da3c8b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-df909270-7dba-4c0d-a3f2-bf71e1f8b3d4","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More

According to him. The BOT intends to meet with the bank of China next month and will promote increased usage of the yuan for trade.

[{"selector":"#anim-677f45c6-6441-499c-8781-4cbcae76b447","keyframes":{"transform":["translate3d(116.27119%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5165c6c9-c767-45b2-93c6-e442535e10fd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-db92cd9d-985c-4428-855a-0f4125ab60fb","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read More