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Economy will grow 1.5-3.5% this year: JSCCID
The Joint Standing Committee on Commerce, Industry and Banking (JSCCID) estimated on Wednesday that the Thai economy would grow 1.5-3.5 per cent this year.In addition, exports are likely to grow by 3-5 per cent, while inflation is hoped to be at most 1 per cent.The ...
The Nation Reporter
Myanmar coup to have “minimal” impact on Thai economy, government says
The Myanmar coup was expected to have minimal impact on the Thai economy, the government said Wednesday, but the investments in the Dawei Special Economic Zone will have to be put on hold for now. The coup “should not be a problem” as cross-border trade, which ...
Pandemic pushed 1.5 million Thais into poverty in 2020, World Bank says
An additional 1.5 million Thai citizens fell below the poverty line in 2020 as a result of the economic impact of the Covid-19 pandemic, according to World Bank estimates based on a threshold of USD 5.50 per day.Declines in income have created economic hardship for ...
Pandemic steps to steer GDP outlook
Thailand’s GDP growth projection of 3.2% for this year could be downgraded by as much as four percentage points, depending on the government’s management of the latest outbreak, says the Bank of Thailand.There are three scenarios that could cause the country’s economic growth outlook to ...
Somruedi Banchongduang
Finance Ministry focuses on three areas to revive Thai economy
The Finance Ministry this year will have three areas of focus to revive Thailand’s economy from the Covid-19 pandemic fallout, ministry spokesperson Kulaya Tantitemit said.First, the ministry will urgently push for economic revival through speeding up budget disbursement and state spending. The ministry also would ...
The Nation Reporter
Thailand’s Economic Conditions Tipped to Worsen as Virus Spreads
Thailand’s economic conditions are expected to deteriorate further this year as the nation battles a resurgence in the coronavirus, according to a national survey.About 52.2% of the respondents in the study undertaken by Bangkok-based National Institute of Development Administration predict the economy will be even ...
Minister admits Covid-19 outbreak exposed cracks and faults in Thai economy
The Covid-19 outbreak that hit Thailand since April has exposed the fragility of the economy and shed light on the fact that we rely too much on export and tourism, Deputy PM Supattanapong Punmeechaow said.The deputy PM, who also holds the Energy portfolio, was speaking ...
The Nation Reporter
Thai economy to expand 4 percent next year: ADB
Thailand’s economy will grow 4 percent in 2021, more than 1 percentage point lower than Southeast Asia’s average, according to the Asian Development Bank (ADB).In its latest forecast, ABD downgraded the ASEAN region’s outlook for 2021, with Southeast Asia now expected to grow 5.2 percent ...
Recovery momentum picks up in Q3
Thailand’s economic recovery momentum gained traction thanks to quarter-on-quarter GDP growth in the third quarter, with exports and public investment expected as the main growth drivers for next year, says a research house.GDP contraction has been upgraded to 6.4% from a 10.3% decline projected previously, ...
Somruedi Banchongduang
Finance Ministry to roll out more economic measures for New Year [Video]
The Permanent Secretary for Finance has stated that the Thai economy next year is expected to grow by 3.5-4.5 percent, adding that his ministry will soon unveil more economic stimulus measures as New Year gifts for people.Keep watching ...
