GDP growth in the Thai industrial sector is estimated at 2.5-3.5% in 2022, a drop from 3-4% last year, due to a mix of factors, including the impact of the Omicron Covid-19 variant currently spreading across continents, says the Office of Industrial Economics (OIE).
Other factors are the prolonged semiconductor shortage, which will affect key industries, notably car manufacturing, scarcity of labour and the global economic situation which helped drive exports last year but needs to kept under watch this year.
Though the government is still pinning its hopes on the export sector, expected to significantly contribute to the economy, the…
