GDP growth of 4% still possible next year despite Omicron - FinMinThailand's economy should still be able to achieve growth of 4% next year, despite uncertainty over the spread of the Omicron coronavirus variant, the finance minister said on Thursday. We'll have to wait and see," Mr Arkhom told reporters later on Thursday, adding the government was still supporting economic activity. The economy remains in the recovery phase, and growth of "4% is still possible" in 2022, also helped by investment in an eastern economic zone and increased exports, he said. "It's not yet known whether the Omicron impact will be as severe as expected by the central bank," Arkhom said. On Wednesday, the Bank of Thailand cut its 2022 economic growth forecast to 3.4% from 3.9%, citing Omicron as a key risk to the growth outlook.

Source: Bangkok Post December 23, 2021 22:07 UTC