Thai Finance Minister sees economic growth of 3.0-3.5% this year

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 66%

Business News News

Business Business Latest News,Business Business Headlines

BANGKOK : Thailand should see economic growth of 3 to 3.5 per cent this year, driven by the key export and tourism sectors, finance minister Arkhom Termpittayapaisith said in an interview on Wednesday.Arkhom, who was speaking on the sidelines of a meeting of finance ministers from the Asia-Pacific region

BANGKOK : Thailand should see economic growth of 3 to 3.5 per cent this year, driven by the key export and tourism sectors, finance minister Arkhom Termpittayapaisith said in an interview on Wednesday.

Arkhom, who was speaking on the sidelines of a meeting of finance ministers from the Asia-Pacific region APEC, said the economy was expected to grow 3.7 per cent next year and the baht's performance was in line with regional peers. The Thai currency has been hovering at a 16-year low against the dollar. It has depreciated about 12 per cent against the greenback so far this year.

Southeast Asia's second-largest economy is expected to return to its pre-pandemic levels late this year or early next, the central bank predicts, lagging neighbours as tourism has only begun to recover.In the April-June period, the economy grew 2.5 per cent from a year earlier and expanded 0.7 per cent from the previous quarter.Source: Reuters

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Britain’s new finance minister Hunt reverses Truss’s economic plan in dramatic U-turnThe changes to the planned tax cuts would raise £32 billion every year, Hunt said. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »

Japan will respond decisively to excessive FX moves, Finance Minister saysTOKYO -Japanese Finance Minister Shunichi Suzuki warned on Tuesday Japan would take appropriate and decisive action against excessive currency moves driven by speculators, suggesting market intervention was possible after the yen fell to a fresh 32-year low.Suzuki, speaking in parliament, pointed to Japan's
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Japan will respond appropriately to excessive FX moves, Finance Minister saysTOKYO : Japanese Finance Minister Shunichi Suzuki said on Tuesday authorities would respond appropriately to excessive currency moves driven by speculators, as the yen fell to a fresh 32-year low to the dollar.Suzuki, speaking to reporters, declined to comment when asked whether authorities are conducting
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Time for negotiations is over, says French finance minister as petrol crisis drags onA trade union representative said the strike was extended on Monday. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »

Britain’s new finance minister Hunt reverses tax plan, reins in energy supportThe changes to the planned tax cuts would raise £32 billion every year, Hunt said. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »