Joint business group JSCCIB raises economic forecast again

The government starts inoculations for students on Oct 4. The increased number of vaccinations has prompted the Joint Standing Committee on Commerce, Industry and Banking to raise its economic outlook. (Photo: Apichart Jinakul)

Thailand's leading joint-business group on Monday raised its 2021 economic forecast again to between 0% and 1% growth thanks to declining Covid-19 cases, more vaccinations and a resumption of businesses.

In September, it predicted between a 0.5% contraction to 1% growth, the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) said in a statement.