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Thursday, May 2, 2024

Jabs, rising exports may boost GDP

Jabs, rising exports may boost GDP

Expansion could reach 3% for 2021

Sanan Angubolkul, the Thai Chamber of Commerce chairman

A new state-private vaccination plan and good export prospects may help Thailand secure 1.5-3% GDP growth this year despite economic uncertainties caused by the third wave of Covid-19, says the Thai Chamber of Commerce.

Sanan Angubolkul, the chamber chairman, remains optimistic about the Thai economy, believing business activities in the second half of the year will help increase GDP growth in 2021 following a weak first half.

He based his prediction on exports, which are expected to grow more than 4% this year because of a global economic recovery and vaccinations. The Thai government has promised to work with the private sector…

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