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Thai economy expected to grow 2%-4% next year


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Thai economy expected to grow 2%-4% next year

By The Nation

 

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Kalin Sarasin

 

The Joint Standing Committee on Commerce, Industry and Banking predicts that the Thai economy will grow 2 to 4 per cent next year, while exports will grow 3 to 5 per cent.

 

This growth will be in line with the expected global economic recovery.

 

Kalin Sarasin, the committee’s chairman, added that the panel has revised the forecast for economic growth this year upward to between minus 7 per cent and minus 6 per cent.

 

It had previously forecast the growth rate for this year at between minus 9 per cent and minus 7 per cent.

 

However, he said, the committee had found that signs of economic recovery in the fourth quarter was weakening, adding that the government must take the lead in driving the economy next year.

 

Source: https://www.nationthailand.com/business/30398975

 

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-- © Copyright The Nation Thailand 2020-12-02
 
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2 hours ago, madmitch said:

I'd expect most countries' economies to grow next year. Remember it's being compared to 2020's disastrous economy.

Well as you all know Australia have big problems with the Chinese but our economy grew already 

by 3.3 % in September quarter. So 2 to 4 % is  nothing

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With skyrocketing unemployment in the coming months, when more and more of the remaining hotels and restaurants of the tourist places will close, while at the same time the car industry and the oil & gas and energy sector will shrink further, I hardly can see any potential for growth.

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