Economic Indicators
Thai business group keeps 2022 growth outlook at 2.75 to 3.5%
2022.08.03 09:06
People wearing face masks shop inside a market amid the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand, November 16, 2021. REUTERS/Athit Perawongmetha
BANGKOK (Reuters) – Thailand’s leading joint business group said on Wednesday the economy is still expected to grow 2.75% to 3.5% this year, helped by increased exports and tourism, but it faces rising inflationary pressures.
Exports are expected to increase 6% to 8% this year, up from a previous forecast rise of 5% to 7%, while foreign tourist arrivals are seem at 7 million to 8 million this year, according to the group, which includes representatives from industry, banking and commerce.
