Thailand’s central bank sees GDP growth of 3.3% in 2022 | Techy Kings


BANGKOK, Nov 2 (Reuters) – Thailand’s central bank expects the country’s economy to grow 3.3% this year, its deputy central bank governor said on Wednesday, supported by consumption and tourist returns.

Mathee Supapongse also told the business seminar that the economy should grow 3.8% next year. Both estimates are unchanged from previous forecasts.

Tourism is a key driver of Thailand’s economy and brought in 1.91 trillion baht ($50.81 billion) in 2019 when the country saw 40 million arrivals.

“We expect 21 million tourists next year,” Mathee said, adding that monetary policy will be accommodative to the recovery.

The weakening baht has not had a significant impact on the economy, he said, adding that the current account surplus will support the baht’s stability.

The central bank earlier this week ended policies introduced to reduce the impact of the pandemic including measures to support the real estate sector and corporate bond liquidity.

($1 = 37.5900 baht)

Reports by Chayut Setboonsarng, Kitiphong Thaichareon and Satawasin Staporncharnchai; Editing by Ed Davies

Our Standards: Thomson Reuters Trust Principles.


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