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Bangkok Post
Bangkok Post
Business

FORGOTTEN HISTORY: Tensions thwart growth in 2022 - Caught on Camera

A view of Bangkok port along the Chao Phraya River captured during a sunset. The Thai economy is projected to expand in the range of 2.7-3.2% this year, according to the NESDC. (Photo: Reuters)

Geopolitical tensions have pressured Thailand's economic expansion this year, according to Danucha Pichayanan, secretary-general of the Office of the National Economic and Social Development Council (NESDC).

According to the office, the economy in 2022 is projected to expand in the range of 2.7-3.2%, compared with a range of 2.5-3.5% growth it predicted in May, mainly supported by the improvement in domestic demand, the recovery of the tourism sector and the continual expansion of exports.

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