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The Finance Ministry plans to revise its 2022 forecast for Thai economic growth next month, focusing on the impact of rising inflation and spiking energy prices, says a ministry source who requested anonymity.The ministry is worried the Russia-Ukraine war will affect its target for foreign ...

Thailand’s central bank will not raise interest rates from a record low for more than a year in a bid to support an economy still struggling to recover from the pandemic despite a jump in inflation, a Reuters poll found.While inflation in the tourism-dependent economy ...

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 ...

The economy improved in February after a moderate slowdown the previous month, owing to an easing of coronavirus curbs and a resumption of a quarantine waiver for foreign tourists, the central bank said on Monday.The Russia-Ukraine crisis is likely to push up inflation and cause ...

Bringing the economy back on track for normal growth is necessary, but may be insufficient if the government does not direct growth in a cleaner manner.Power generation and industries that play a major role in driving the Thai economy need to be seriously adjusted to ...

Thailand’s economy is expected to recover gradually but still faces difficulties due to the Covid-19 crisis, global energy prices and the increasing cost of products and services, the Bank of Thailand (BOT) reported on Wednesday.It said recovery in each economic sector is different, and it ...

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 ...

The National Economic and Social Development Council (NESDC) is maintaining its 2022 forecast for economic growth at 3.5-4.5%, with the state planning unit expecting the government to successfully contain the spread of the Omicron variant without any more restrictions.Thailand’s economic growth in 2022 will also ...

The Bank of Thailand (BoT) expects that the picking up trend of the Thai economy will support economic activities and loan demand this year.Loan demand for 2022 should be in line with economic activity under the economic rebound. Normally the BoT does not forecast loan ...

Thailand’s economy performed better than expected in the fourth quarter of 2021, expanding 1.9 per cent year on year, according to official figures on Monday.Reuters had forecast a 1.4 per cent expansion from October to December.Meanwhile gross domestic product (GDP) for the whole year rose ...