Growth outlook needs rejig

The Finance Ministry plans to revise its 2022 forecast for Thai economic growth next month, focusing on the impact of rising inflation and spiking energy prices, says a ministry source who requested anonymity.

The ministry is worried the Russia-Ukraine war will affect its target for foreign tourist arrivals this year, the source said.

In January the ministry projected 2022 economic growth in the range of 3.5-4.5%, with average growth of 4%, based on the assumption of rising domestic spending following an improvement in the global pandemic situation.

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Wichit Chantanusornsiri