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Thai economy faces 10% permanent loss if Covid recovery delayed: S&P Global Ratings
Southeast Asia now risks a delayed economic recovery that will steepen permanent economic losses, says a new report by S&P Global Ratings. Thailand and other major Asean markets are living with the effects of new Covid-19 waves that appear to have peaked only recently, according ...
The Nation Reporter
Thailand’s GDP contracted 6.1 per cent in 2020 due to Covid-19: NESDC
Thailand’s gross domestic products (GDP) shrank 6.1 per cent in 2020 due to widespread impact of the Covid-19 pandemic, the National Economic and Social Development Council (NESDC) said on Monday.Danucha Pichayanan, secretary-general of NESDC, said at a conference that GDP in the fourth quarter of ...
The Nation Reporter
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 ...
