News
Government’s economic policies favour big corporations – Pita
The Government’s economic policies are tailored to favour large corporations at the expense of the poor, resulting in the minority rich becoming richer while the poor get poorer, said party list MP of the now defunct Future Forward party, Mr. Pita Limjaroenrat, during the censure ...
Central bank worries virus impact could drag growth below 2 per cent
The Thai economy could be hit hard if the new coronavirus (Covid-19) outbreak is prolonged, Don Nakornthab, senior director at the Bank of Thailand, said on Thursday (February 13).The economy is already weighed down by the impacts of the delay in implementing the annual budget ...
The Nation Reporter
Virus imperils Thai economy
We now see downside risks to Thailand’s growth outlook in 2020, given the impact from the coronavirus outbreak on the tourism industry and broader economic sentiment.Our core view is Thai economic growth would rebound to 3.0% this year, following an estimated 2.5% expansion in 2019. ...
GDP growth lagging behind expectations this year and last
The Finance Ministry has dropped its estimate of 2019 growth in gross domestic product (GDP) from 2.8 to 2.5 per cent and its forecast for 2020 from 3.3 to 2.8 per cent.“The economy in 2019 is now estimated to have grown by 2.5 per cent ...
The Nation Reporter
Coronavirus epdiemic seen impacting Thai economy
The coronavirus epidemic in China and other Asian countries will be a key factor in affecting the Chinese economy and also Thailand this week and maybe the next, experts said.The Chinese yuan weakened this week (January 20 to 24) as the coronavirus continued to spread ...
The Nation Reporter
Central bank panel ready to take more action to deal with rising baht
The Monetary Policy Committee (MPC) of the central bank said it stands ready to use policy tools as appropriate and monitor structural problems which should be firmly addressed by all related parties.The statement was made on Tuesday (January 7) at the central bank and analysts’ ...
The Nation Reporter
Global and Thai economic forecast for 2020
The Thai economy will improve only slightly if the investment and export sectors recover, or it could worsen if a new political crisis affects the investment and consumption sectors. Also, if a war develops between Iran and the United States, oil prices could spike 20 per ...
The Nation Reporter
Fate of govt hangs on economy
A razor-thin majority in the House will no longer be a concern for the government this year, though challenges including persistent economic problems will put its abilities to the test, academics said.The coalition government led by the Palang Pracharath Party (PPRP) has secured two more ...
How Thai economy will perform next year?
Thailand’s economy is likely to increase around 2.7-3.0 percent, according to the predictions by several economic institutions.The limited expansion is a result of negative effect from the weaker global economic performance, rising household debts and tech disruption that leads to less demand for manual workers.The ...
Central bank seen holding key rate at record low
The Bank of Thailand (BoT) is expected to leave its benchmark interest rate at a record low on Wednesday after two cuts this year, a Reuters poll showed, although it was likely to downgrade its growth outlook again.All 16 economists in the poll predicted the ...
