Plenty of risks on the Thai horizon
GDP may tumble to 2.5% growth in 2022
Thailand’s economy is expected to endure greater risks next year because of higher limitations on fiscal and monetary stimulus, says Standard Chartered Bank (Thai).
GDP is expected to expand by 3.1% this year, but will tumble to 2.5% growth in 2022, said the bank. This forecast conflicts with assessments made by other research houses and the Bank of Thailand.
The central bank forecasts this year’s GDP growth at 3.2% before rising to 4.8% in 2022.
The regulator, however, said its 2021 growth forecast could be downgraded by as much as four percentage…
