Ms. Danucha Phichayanan, Secretary General of the NESDB

The Thai economy in the third quarter announced late on Monday that it expanded by 4.5%, accelerating from 2.3% in the first quarter and 2.5% in the second quarter, but after adjusting for seasonal effects.

The economy in the third quarter grew by only 1.2%, resulting in the first 9 months of Thailand's GDP expanding by 3.1% from private consumption that grew at a high rate from the opening of the country. up 3.6 million people, income from Thai tourists increased by 1,497% 158,000 million baht

international reserve funds

At the end of September it was $ 200 billion.

with the tourism sector supporting the government's public debt

At the end of September, it was 10.37 trillion baht, representing 60.7% of GDP.

The secretary-general of the NESDB expects

The Thai economy in 2022 is expected to expand by 3.2%, accelerating from 1.5% in 2021. When combined with a negative GDP of 6.1% in 2020, Thailand's three-year GDP is still negative 1.4%, still not recovering from COVID-19.

Inflation this year is expected to be at 6.3%, still considered above the inflation target.

The current account will deficit at 3.6% of GDP, indicating that Thai exports will deteriorate.

Even if tourism is better, next year Mr. Danucha, secretary of the NESDB

GDP in 2023 is expected to expand by 3-4% with a median value of 3.5%, driven by a recovery in tourism.

investment expansion

and domestic consumption

I briefly concluded that

This year, the Thai economy is still growing at 3.1%, next year it will grow another 3.5%.

Fortunately, we can still grow in the midst of the world economy that is about to enter.

“Recession” (Recession), especially the United States and many European countries, today England has entered a recession.

In the past, the Thai economy grew slowly and slowly.

So it became lucky

The day before, Dr. Sethaput Suthiwart-Narueput

Governor of the Bank of Thailand

Talked about the Thai economy in the assessment of the National Bank that

This year still grows 3.3%, next year grows 3.8%, exports this year still grow 8%, but next year will decrease to 1%. Very bad, below 3% very unlikely.

But growth will not be smoothed by global economic risks.

In particular, the impact of the global financial market has not yet been counted.

Federal Reserve

Accelerate the suction of QE money from the global financial system.

Dr. Sethaput said that the most terrifying thing, besides the global financial bomb trap, is the risk from strange policies from political parties.

Now, political parties are starting to campaign for next year's elections.

There is a populist policy on debt problems, such as a 3-year, 5-year debt moratorium, a moratorium on interest, or a proposed deletion of information in the credit bureaus.

to make it easier for people to access credit

Which nowhere else in the world do they do it.

because it will affect the stability of the banking system

And in the end, it will make it harder for people to access credit.

Political party policy risks

which we can clearly see from the government of Gen. Prayut

At present it is

a rice price insurance scheme that freezes farmers into a low-income trap;

Millions of marijuana seedlings were distributed to people to plant at home, resulting in many social crises when

"every home has drugs" that

can be used 24 hours a day.

warning of the governor of the central bank

It is a profound warning that is extremely useful. Strange policies, political parties, are unknowingly eroding and destroying the Thai people and the country.

"The Wind Changes Direction"