Top business group JSCCIB raises growth outlook as Covid curbs easeA masseuse sprays disinfectant on a reclining chair while her colleague massages a customer on the first reopening day at a foot massage shop in Bang Kapi district of Bangkok on Wednesday. (Photo: Varuth Hirunyatheb)Thailand's leading joint-business group, the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB), on Wednesday raised its 2021 economic forecast to between a 0.5% fall and 1% growth. The easing of curbs should lower an economic loss to between 200 billion baht to 300 billion baht this month, down from 300 billion baht to 400 billion baht projected earlier, the group said. "Last month we didn't get the picture and had no confidence in vaccine procurement which could lead to longer lockdown measures," JSCCIB chairman Payong Srivanich told a briefing. The group also raised its export outlook to a rise of 12-14% this year, up from 10-12% predicted earlier.

Source: Bangkok Post September 01, 2021 08:48 UTC