
The Fiscal Policy Office (FPO) has downgraded its 2022 economic growth forecast to an average of 3.5% from 4.0%, mainly because of the Russia-Ukraine war and its effect on domestic energy prices, says FPO director Pornchai Thiraveja.
He said the FPO expects economic growth to be in a range of 3-4%, compared with a previous range in January of 3.5-4.5%.