Thailand Network reported that on November 22, Pengchai, director of the Thai Fiscal Policy Office (FPO), said that the FPO predicts Thailand's economic growth by 3.5-4% next year, which is not much different from the forecast made by the National Economic and Social Development Commission (NESDC). Positive factors that drive Thailand's economic growth include the government spending about 4 trillion baht to support the economy, and the opening gate plan helps the tourism industry recover.
FPO predicts that 6-7 million foreign tourists will go to Thailand in 2022, of which about 1 million Chinese tourists will be around 1 million monthly. This is based on the optimistic forecast made by China's opening of national gates in the second half of 2022 and allowing people to travel. On the contrary, if China continues to close its national gates next year, it is predicted that the number of foreign tourists to Thailand will decrease to 6.3 million.
In addition, exports are also a positive factor supporting Thailand's economic development. Thailand's exports will expand with global economic growth and are expected to grow by 5%.
On the other hand, Thailand still needs to closely monitor four major risk factors, namely the COVID-19 pandemic, container shortage, foreign labor shortage, and global economic turmoil.
(Source: Thai Media)
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