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Thailand’s fiscal position remains strong enough to withstand future risks - Finance Minister

Summary by Ground News
Finance Minister Arkhom Termpittayapaisith said slowing exports will not affect the ministry's growth outlook of 3.4% for this year. Exports, a key driver of Thai growth, unexpectedly dropped in October for the first time in 20 months.Export shipments, however, were still up 9.1% in the first 10 months of 2022 from a year earlier.
Published 2 months ago · Thailand

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Thailand’s fiscal position remains strong enough to withstand future risks - Finance Minister

Arkhom said the finance ministry expects exports to rise 8.1% this year and increase 2.5% next year while seeing 10.3 million foreign tourist arrivals in 2022 and 21.5 million in 2023.The Ministry of Finance has indicated that the Thai economy may not reach a forecast growth of 3.8% next year due to a global economic slowdown, but said this year’s outlook should still be achieved.According to Finance Minister Arkhom Termpittayapaisith, slowing e…

2 months ago·Pattaya City, Thailand
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