News
Thai government expects at least 3per cent GDP growth this year
Thailand expects the economy to grow no less than 3per cent this year, helped by a raft of support measures to mitigate the impact of soaring oil prices, a government spokesman said on Wednesday.The measures, approved on Tuesday, would be worth at least 50 billion ...
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 ...
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
Facing headwinds in 2019, Thai economy looks better for 2020
The Thai economy is projected to grow 3.8% in 2019, slightly below last year’s 4.2%. The main reason is slower growth in the global economy. thailand-business-news.com reports that this is likely to lead to a deceleration in Thai exports and tourism, which will impact domestic ...
World Bank downgrades Thailand’s 2019 GDP growth to 3.8%
The World Bank is downgrading Thailand’s growth projections to 3.8% from 3.9% for 2019. This compares to last year’s 4.1% GDP. The Bank says that export growth has shrunk to 5.7% from last year’s 5.9%.The World Bank’s senior economist for Thailand, Mr. Kiatpong Ariyapratya, says ...
