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Tuesday, May 14, 2024

Thai growth reviewed amid Ukraine war

Kriengkrai Thiennukul, vice-chairman of the Federation of Thai Industry

Growing concerns over the escalating war between Russia and Ukraine is causing the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) to reassess Thailand’s economic prospects in 2022.

The JSCCIB will have business leaders brainstorm to identify negative impacts caused by the conflict and subsequent sanctions on Russia, said Kriengkrai Thiennukul, vice-chairman of the Federation of Thai Industries (FTI), which is scheduled to chair a JSCCIB meeting on Wednesday.

Views and concerns from all key business sectors — manufacturing, exports, tourism and finance — will be taken into consideration, he said.

The JSCCIB predicted in January Thailand’s GDP would grow by 3-4.5% this year, with exports expanding by 3-5% and the…

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