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Thailand will only see clear signs of economic recovery in the last quarter of 2021 if the current outbreak can be brought under control by the end of July, the Kasikorn Research Center said Thursday.“The Thai economy in the fourth quarter will grow considerably if ...

A central bank economist forecasts a crossroads for the country’s household debt over the next four years, either rising to 92.8% of GDP or declining to 79.1%.If Thai household debt grows at 1.2 times GDP, average growth over the past five years, the country’s household ...

The Thai economy shrank by 2.6% in the first quarter of this year — an improvement from a 4.2% contraction in the previous quarter — after it was boosted by a continued increase in agricultural production, recovery of non-agricultural production, acceleration in domestic investments, rise ...

Thailand’s economy probably shrank again in the first quarter of this year, a Reuters poll showed on Friday, as coronavirus outbreaks hurt consumption and tourism, slowing the pace of the economic recovery.Southeast Asia’s second-largest economy, which is heavily reliant on tourism, is believed to have ...

The third wave of the pandemic has unnerved businesses who previously believed they would be able to recover this year after Covid-19 walloped their income in 2020.Complicated by a more contagious UK Covid-19 strain, the third wave has seen more than 1,000 infections a day ...

Thailand’s Consumer Confidence Index plunged to 46 points in April from 48.5 points in March, the University of Thai Chamber of Commerce (UTCC) said in a press release on Thursday.The UTCC, which compiles the monthly reports, said that the index was its lowest since October ...

The fresh wave of Covid-19 infections has the Bank of Thailand likely to slash its economic growth forecast for this year from a previous prediction of 3%.The central bank is monitoring the impact of the third wave, with a downgrade possible because of the effects ...

Thailand’s economy could lose 100 billion baht ($3.2 billion) a month, a university warned on Thursday, as the country struggles with a third wave of the coronavirus. The University of the Thai Chamber of Commerce said the latest wave could reduce the number of workers by ...

Kasikorn Research Centre has slashed its growth forecast for the Thai economy in this 2021 from 2.6 per cent to 1.8 per cent following the latest outbreak of Covid-19 in the country.The research centre said the downgrade came despite positive factors such as the upswing ...

Thailand’s economic recovery could see further delay as the country faces the 3rd wave of Covid-19 outbreak, which could further dent the already fragile consumer and industry confidence.The country was until recently considered as having done an outstanding job in handing its Covid-19 cases. But ...