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Monday, April 29, 2024

Growth prospects weak amid outbreak

A health worker swabs a man for Covid-19 at a drive-through testing centre at the southern bus terminal on Boromratchonnanee Road in Taling Chan district. A business group plans to discuss the impact of Omicron on key economic indicators on Wednesday. Chanat Katanyu

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is likely to downgrade its economic growth forecast when it meets on Wednesday, despite an increase in the Thailand Industry Sentiment Index (TISI) for four consecutive months, says the Federation of Thai Industries.

The move results from growing concern over the rapid spread of the Covid-19 Omicron variant, with the impact looming over the Thai economy.

The JSCCIB will discuss the impact of Omicron on key economic indicators, including GDP, inflation and exports, said…

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