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Bangkok Post
Bangkok Post
Business

RARE PHOTOS: Fpo slashes growth on energy outlook | Rare Historical Photos

Khao San Road appears empty this month as the FPO downgraded its 2022 economic growth forecast to an average of 3.5% amid global uncertainties. Arnun Chonmahatrakool

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%.

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