China’s recovery is a boon for Thai export, tourism sectors: Govt

China’s reopening following the end of the Covid-19 crisis has proved to be a boon to Thailand’s economy, as the tourism and export sectors are making strong gains, government spokesman Anucha Burapachaisri said on Saturday.The recovery of China’s economy – the world’s second largest – ...

The Nation Reporter

Thailand: Consumer confidence at 3-year high

Thailand’s consumer confidence rose for a 10th straight month in March, reaching a three-year high, boosted by a recovery in the crucial tourism sector and spending for the upcoming election.A survey of the University of the Thai Chamber of Commerce (UTCC) released on April 11 ...

Global issues and inflation put a damper on Thai economic recovery

The Thai economy is entering a “parallel universe” marked by deglobalisation, geopolitical conflict, high inflation, and rising interest rates, KKP Research said on Wednesday.KKP Research chief economist Pipat Luengnaruemitchai said these factors are a challenge to the global and Thai economies both in the short ...

The Nation Reporter

Thai economic recovery will be visible from Q3 onwards: UTCC

Thailand’s economic recovery from the Covid-19 fallout should become visible in third quarter of this year thanks to the influx of tourists sparked by the lifting of entry restrictions.“We estimate the gross domestic product [GDP] expansion for the year to be in the scope of ...

The Nation Reporter

Economic recovery to continue but still fragile - BoT minutes

Thailand’s economy would continue to recover in 2022, but a rebound would remain fragile and uneven, as an Omicron outbreak puts less pressure on activity than earlier COVID-19 waves, according to minutes of the Bank of Thailand’s (BoT) last policy meeting.While upside inflationary risks had ...

BoT chief forecasts unequal recovery

Economic inequality is expected to widen after the outbreak is controlled because lower-income earners will likely continue to suffer from the impact of the pandemic during an uneven recovery, says Bank of Thailand governor Sethaput Suthiwartnarueput.Thailand grappled with economic inequality and social injustice before the ...

Somruedi Banchongduang

Calls for a post-virus blueprint

The Thai Chamber of Commerce (TCC) has asked the government to come up with a long-term plan for reopening the economy to reduce the impact of the Covid-19 pandemic.At the half-way point towards a 120-day deadline set by the government, which falls in mid-October, TCC ...

Bangkok Post Reporter

Exports show surprise bounce on global economic recovery

Thailand’s exports in May bounced by a better-than-expected 41.59 per cent from a year earlier, the highest rate seen in 11 years, from low base levels induced by the pandemic in 2020, the Ministry of Commerce said Thursday.The figure beat a Reuters forecast of a ...

Forecasters: Economy probably shrank in Q1

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 ...

As Thailand’s 3rd Covid wave hits the wealthy, spare a thought for the economy

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 ...

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