Bank of Thailand expects Omicron to slow down Jan economy

The Bank of Thailand expects the economy in Jan. 65 after the omikron epidemic Concerned about the problem of mutation causing the economy to stumble more

Ms. Chayawadee Chai-anan, Senior Director Corporate Communications Department The Bank of Thailand (BOT) said that the direction of the Thai economy in January 2022 estimates that economic activity may slow down somewhat. from the impact of the COVID-19 outbreak. Omicron species At the same time, the inflation situation in the country must be monitored. problems in the manufacturing sector including the spread of COVID-19 Common strains and mutations with

The overall Thai economy in Q4/21 has a tendency to recover from the previous quarter. This was partly due to the relaxation of government measures to control the spread of COVID-19, as a result of the government’s economic stimulus measures. The number of foreign tourists increased after the arrival of foreign tourists. Meanwhile, merchandise exports increased due to the recovering demand in trading partners. and supply problems Disruption that gradually subsides This contributed to an improvement in industrial production

, while private investment indicators increased in line with recovering demand and business confidence. Government expenditures expanded compared to the same period last year. from both regular expenditure and investment expenditure economic stability Headline inflation increased mainly in line with energy prices and raw food prices. The labor market improved in line with economic activities. but overall still fragile As for the current account, the deficit is less than the previous quarter

“If you look at various economic indices, it is found that the economy in the 4th quarter of 2021 should recover and grow better than the 3rd quarter and good. than expected especially in the export and tourism sectors But if you ask how much in the 4th quarter and how much the full year 2021 will be, you will have to wait to see the official numbers from the Office of the National Economic and Social Development Council (NESDB) or the Council of Ministers,” Ms Chayavadee said.