Prince said financial news: Data is released! "Thailand" is amazing, and the country's GDP has seen growth for four consecutive quarters.
On Monday (21st), according to the latest data released by Thailand, Thailand's GDP showed a significant increase in the third quarter, not only setting the largest since the second half of last year, but also creating a trend of four consecutive quarters of growth in Thailand's GDP. According to the specific data of
, in html, Thailand's GDP growth rate was 4.5% in the 33rd quarter. Since then, in the first three quarters of this year, Thailand's GDP has increased by 3.1% year-on-year.
So the question is: Why can Thailand's GDP continue to maintain growth against the backdrop of slowing global economic growth?
In response to this, the Thai government said that after the large-scale relaxation of epidemic regulations at the beginning of this year, the tourism industry quickly recovered, which ultimately directly drove the growth of GDP, the second largest economy in Southeast Asia.
As for the future, the Thai government said that in , Thailand's GDP is expected to grow by 3.2% in 2022, which is the upper hand of the previous estimate range of 2.7% to 3.2%. At the same time, Thailand also predicts that in 2023, Thailand will grow by 3%-4%.
, while the Bank of Thailand predicts that Thailand's GDP growth rate may reach 3.3% in 2022. [For details, see our previous article " Deputy Governor of the Bank of Thailand predicts: In 2022, Thailand's GDP growth rate will be 3.3%! Higher in 2023? 》】
It is worth mentioning that Wang Ye said that Finance noticed that in the past 2021, Thailand's GDP growth rate was only 1.5%, which belongs to the "downstream" level in Southeast Asia.
Finally, Thailand said that the main reason for its optimism about economic growth next year is that Thailand's tourism industry continues to improve. In addition, coupled with the expansion of private and government investment, and domestic demand increases, the economy will eventually continue to grow.
Of course, although Thailand's economy is very good at present, this does not mean that the economic development of Thailand will be smooth sailing in the future.
In fact, Thailand's economy has two potential risks :
1) The problem of high inflation;
2) Thailand's household debt is high;
. In response to these two problems, economists predict that at the end of this month, the Central Bank of Thailand will likely raise interest rates by 25 basis points to hit the local inflation , which has risen to a 14-year high.
What do you think about this? What do you think will Thailand's economy be next? Are you optimistic about Thailand's economic development?
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