All eyes are on the Bank of Thailand as rising inflation, spiking energy prices, a weakened baht and the impact of the war in Ukraine could all combine to influence a revision of key economic figures, especially GDP growth and interest rates, at the central bank’s rate-setting committee meeting on Wednesday.
How has the economy performed this year?
Earlier in January, the Finance Ministry had a rosy outlook for 2022, projecting economic growth of 3.5-4.5% with average growth of 4% based on rising domestic spending following an improvement in the global pandemic situation.
The ministry also forecast a…
