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Analysis by Region - Asia Pacific

Publisher Oxford Economics
Published May 10, 2022
Length 10 Pages
SKU # OFE17155488

Description

Analysis by Region - Asia Pacific

We expect the drivers of economic growth this year to shift from the export-driven manufacturing sector to services. The move to living with Covid will support stronger domestic demand this year and next, even though we expect higher inflation and business costs to dampen the recovery somewhat. The recovery in tourism over the next two years will further boost growth. However, the downside risks to our GDP forecasts have risen sharply. Covid lockdowns in China will weigh on global demand and add pressure on already strained global supply chains. As such, we will be reviewing our current GDP growth forecasts of 4.8% in 2022 and 6.4% in 2023 following the planned downward revisions to China in our May baseline.

Table of Contents

10 Pages
Thailand: Downside risks have risen sharply due to lockdowns in China
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy

Pricing

Currency Rates
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