News
Bank of Thailand insists current policy interest rate ‘appropriate’
The current policy interest rate in Thailand is quite appropriate to the country’s economic landscape and recovery pace, the Bank of Thailand (BOT) insisted on Monday, in its latest response to the current debate which has seen some business leaders and analysts complain that interest ...
The Nation Reporter
Economic problems biggest burden in 2023: poll
Most people felt frustrated by economic problems in 2023 although in general they were fairly happy with the year, according to the results of a survey by the National Institute of Development Administration, or Nida Poll. The poll was conducted on Dec 12-20 by telephone interviews ...
Bangkok Post Reporter
Higher govt spending, export rebound expected to boost Thai GDP growth
Increasing government spending, higher public consumption as well as private investment could boost Thailand’s gross domestic product (GDP) growth in 2024 to 2.7 to 3.7 per cent, the National Economic and Social Development Council (NESDC) said on Friday.NESDC secretary-general Danucha Pichayanan said the council expected ...
The Nation Reporter
Thailand’s export increases for 4th month in a row
Thailand’s export rose for a fourth consecutive month in November on the back of a consistent recovery in key trading partner markets, according to the Commerce Ministry.Shipment in the month increased by 4.9% to 23.48 billion USD, while import expanded 10.1% to 25.88 billion USD, ...
PM2.5 smog choking Thailand’s economy, says World Bank
PM2.5 air pollution is costing Thailand a staggering 6% in lost GDP per year, according to the World Bank.The economic losses come from the huge medical bill for treating patients with PM2.5-related health conditions, says the “Thailand Economic Monitor” (December 2023) report.While Thailand has set ...
The Nation Reporter
Thailand faces 20 years of low growth
The World Bank expects Thailand’s potential growth to be the lowest among Asean economies over the next 20 years because of the country’s ageing demographics and a slowdown in private investment.The potential growth of Thailand’s economy is expected to be around 3% for the next ...
Bangkok Post Reporter
Tourism, real estate among 5 industries that grew the most in 2023
Five industries experienced significant growth this year, while three others were suffering huge contraction, the Ministry of Commerce’s Department of Business Development said on Friday.Department director-general Oramon Sapthaweetham said that the five industries that saw the biggest expansion in the past year were:▪︎ Tourism (growing ...
The Nation Reporter
Thai economic recovery faltered as growth declined
Thai economic recovery faltered due to global headwinds as growth fell to 1.5 percent year-on-year in the third quarter of 2023, well below expectations according to the latest World Bank’s semi-annual Thailand Economic Monitor.Growth in 2023 was dampened by a contraction in goods exports as ...
The Nation Reporter
Debt to grow as govt sets 5-year financial plan
The government has approved a mid-term financial plan for fiscal 2024-2029 with estimated average gross domestic product (GDP) growth at 5.3% annually, said a news source familiar with the matter on Thursday.The plan was approved at a meeting on Thursday at the Ministry of Finance ...
The Nation Reporter
Thailand's economy needs structural changes for long-term growth, says report
Thailand’s economy will continue to move forward with the global recovery momentum in the coming year, but it is still shaky when it comes to having a robust economy in the long term, according to an SCB Economic Intelligence Centre (EIC) report.EIC chief economist Somprawin ...
The Nation Reporter
