News

Inflation forecast revised

The Commerce Ministry has revised its annual headline inflation forecast to a range of 0.8% to 1.2% (with an average of 1%), narrowing from 0.7% to 1.7% (with an average of 1.2%) earlier.The latest projection is based on expected economic growth of 0.7-1.2%, with Dubai ...

Bangkok Post Reporter

Thailand’s Finance Ministry Slashes 2021 Economic Growth Forecast to 1.3%

Thailand’s Finance Ministry has slashed its 2021 economic growth forecast to 1.3%, from 2.3%, the third such revision this year, as Thailand fights its biggest COVID-19 outbreak to date.Fiscal Policy Office Director-General Kulaya Tantitemit said the current outbreak is impacting economic activity and the expected ...

NNT Reporter

BoT revises growth forecast to 1.8%

The Bank of Thailand (BoT) has slashed the country’s economic growth forecast again for this year to 1.8% from an earlier projection of 3%, due to lower foreign tourist arrival estimates and lower domestic demand due to the third wave of Covid-19.Under the downside risk ...

Bangkok Post Reporter

BoT to slash growth outlook

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 ...

Somruedi Banchongduang

IMF boosts global growth forecast, warns of diverging rebound

The International Monetary Fund upgraded its global economic growth forecast for the second time in three months, while warning about widening inequality and a divergence between advanced and lesser-developed economies.The global economy will expand 6% this year, up from the 5.5% pace estimated in January, ...

Consumer confidence down on covid fears

Thailand’s Consumer Confidence Index in March fell to 48.5 points from 49.4 points in February over fears from a new wave of Covid-19 and political instability, a forecaster said Thursday.The University of the Thai Chamber of Commerce, which measures the index, said that economic growth ...

FPO warns 4% growth this year will be difficult

The government’s ambitious goal of 4% economic growth this year will be difficult, requiring a lot of effort and a host of supporting factors such as higher exports, recovering foreign tourist arrivals and active private investment, says the Finance Ministry’s Fiscal Policy Office (FPO).FPO adviser ...

Wichit Chantanusornsiri

FPO Points out Key Factors to Revise GDP Growth

The Fiscal Policy Office (FPO) says domestic virus inoculation, foreign tourist arrivals and export growth are among the key variables determining the revision of GDP growth outlook this year.FPO adviser Wuttipong Jittungsakul said other factors influencing the economic growth assessment are the impact of the ...

NNT Reporter

Government looks to BCG initiatives to drive growth

The government vows to rev up promotion of the bio, circular and green (BCG) economy to help drive economic growth over the next five years.The first meeting of a management committee to drive the BCG economy chaired by Prime Minister Prayut Chan-o-cha yesterday approved a ...

Bangkok Post Reporter

BoT holds key rate steady

The Bank of Thailand kept its policy rate unchanged on Wednesday after last Friday’s unscheduled rate cut of 25 basis points, while trimming its economic growth forecast for 2020 to a 5.3% contraction.The Monetary Policy Committee (MPC) voted 4-2 to hold the policy rate at ...

Somruedi Banchongduang

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