A buyer selects eggs at Bang Kapi market in Bangkok on March 15, 2022. Prices of eggs and other essentials have soared due to the spike in oil prices. (Photo: Varuth Hirunyatheb)
Thailand’s economy could grow 3.0%-3.5% this year, less than an earlier forecast, due to soaring oil prices driven by the Russia-Ukraine war, the finance minister said on Monday.
Southeast Asia’s second-largest economy will however be supported by strong exports, which could grow 5-6% this year, and improved tourism as the government plans to ease more Covid-19-related curbs, Arkhom Termpittayapaisith told Reuters in an interview.
“Growth of 3.0%-3.5% should be achievable this year, and 2023 should be better”, as several government investment projects…
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