Thailand chartbook: Bumpy recovery
- Thailand’s economic recovery remains uneven but will continue despite pandemic volatility
- Private consumption for services and tourism are reviving, but full tourism recovery unlikely
- We maintain our 2022 real GDP growth forecast at 3.5%, up from 1.6% for 2021
- Inflation is driven higher by commodity prices, with policymakers vigilant on persistency
- We revise up our 2022 inflation forecast to 2.0%. BOT to stay on hold in 2022
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