News
World Bank rings alarm on GDP view
The World Bank has warned that Thailand’s average annual economic growth will be stuck below 3% if there is no significant increase in investment and productivity growth.The recent growth slowdown suggests long-run structural constraints, with slowing investment and low productivity growth, according to the World ...
Somruedi Banchongduang
World Bank slashes Thailand’s GDP from 3.5 to 2.7 per cent
The World Bank has reduced its forecast for Thailand’s economic expansion in 2019 from 3.5 to 2.7 per cent, while 2020 speculation was also brought down to 2.9 per cent from the earlier figure of 3.9 per cent.The World Bank had predicted in April that ...
The Nation Reporter
Joint committee lowers growth forecast for 2019
The Joint Standing Committee on Commerce, Industry and Banking has revised downward its forecast of Thailand’s economic growth this year to between 2.7 per cent and 3.0 per cent from the previous projection of between 2.9 per cent and 3.3 per cent.Keep reading ...
The Nation Reporter
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 ...
Firms confident about 2019 GDP
Business operators have an optimistic outlook on the country’s GDP in 2019, thanks to the upcoming general election, implementation of the Eastern Economic Corridor (EEC) and the coronation ceremony for His Majesty the King. Kalin Sarasin, chairman of the Thai Chamber of Commerce, said the ...
Lamonphet Apisitniran
What is behind Thailand’s strong first quarter economic growth
Thailand’s gross domestic product (GDP) growth soared to five-year highs in Q1 of 2018. The Thai economy grew by 4.8% last quarter, surpassing predictions. The surge has led the statistics agency to reassess its growth predictions for the year. It now estimates 2018 growth of 4.2- ...
BoT revises GDP growth target to 4.1%
The central bank has revised this year’s GDP growth target to 4.1% and export growth target to 7%. The Monetary Policy Committee of the Bank of Thailand (BoT) said it expected the country’s GDP to expand by 4.1% this year, 0.2% higher than its previous ...
Thammarat Thadaphrom
Thailand’s Investment Outlook for 2018
Thailand is a fairly developed economy with an upper-middle-income status. Situated in the heart of Southeast Asia, the country serves as a gateway to one of the world’s most dynamic markets. Despite a decade of political instability and economic shocks, the economy grew at a ...
Vasundhara Rastogi
