Krungsri Research Center expects the economy 65 to be prone to 3.7% growth.
Date 04 Jan 2022 time 20:10
Krungsri Research Center expects the economy 65 to grow 3.7%, but is fraught with high risks and uncertainties from the Covid outbreak.
Bank of Ayudhya Research Center Thailand’s economic growth rate in 2022 is projected to expand at 3.7% from only 1.2% in 2021. Key economic drivers come from both internal and external factors, such as progress in vaccine distribution that supports to Thailand and many The country can open up the country more widely.
The recovery of the global economy and the positive effects of regional economic integration will have a positive effect on the continued growth of Thai export sectors.
However, the aftermath of the long-running epidemic crisis Including the economic recovery still faces risks and challenges that are still highly uncertain. Private consumption tends to improve, but the recovery is different. It is expected that in 2022, it will grow around 3.6%. Expenditures may be limited due to the fragility of the labor market. And it is expected that the average wage overall in 2022 will increase, but will remain below pre-epidemic levels.
In addition, the recovery has not spread to every area, every branch, and every income group. It is expected that it will affect wages and expenditures of workers in those who are heavily affected by the outbreak crisis. especially those related to the tourism sector is important.
The export sector, although a slight slowdown, is expected to grow by 5.0%. Meanwhile, private investment is expected to grow to 4.6%. Government spending is likely to decline from the 2022 budget expenditure framework. But there are still more than 200 billion baht of the remaining loan line from the Royal Kor Kor. 500 billion baht loan to be used to restore the economy and society.
In the tourism sector, the number of foreign tourists is expected to reach 7.5 million in 2022, and it may take until 2025 to return to pre-epidemic levels of 40 million. That it will be able to return to pre-epidemic levels faster than in 2024 at 160 million trips from 2022, which is estimated at 90 million.
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