Thai economic growth is expected to dip to 2.5%, down from an earlier target of 3-4.5%, with the upper bound of inflation at 3% as a result of the dispute between Russia and Ukraine, says the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB).
The government should consider seeking additional loans of at least 1 trillion baht to deal with soaring energy prices as well as to stimulate the economy, which will be hampered by the war, said Federation of Thai Industries (FTI) chairman Supant Mongkolsuthree, who chaired the JSCCIB meeting on Wednesday.
