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Spending during the festive season is expected to remain below 100 billion baht for a second straight year, hitting a 12-year low as growing concerns over the Covid-19 Omicron variant continue to undermine public sentiment.The University of the Thai Chamber of Commerce (UTCC) revealed its ...

The cabinet on Tuesday approved another package of measures to boost consumption and support an economy still struggling with the collapse of its vital tourism sector.The measures include a tax deduction of 30,000 baht for shoppers, an extension of the existing co-payment scheme and a ...

The Finance Ministry on Thursday cut its 2021 economic growth forecast to 1.0% from a previously projected 1.3% expansion, the fourth such revision this year, as the country struggles to recover from the pandemic.Thailand suffered a 6.1% economic slump last year, after the collapse of ...

The economy is expected to grow by more than 1% this year, helped by improved exports and government measures as well as a gradual recovery in tourism, Finance Minister Arkhom Termpittayapaisith said on Wednesday.The economy suffered a 6.1% economic slump last year, with the vital ...

The economy should improve further in the final quarter of this year thanks to government support measures and September’s relaxation of coronavirus curbs to spur activity, a deputy prime minister said on Thursday.The government will ensure the supply of Covid-19 vaccines is boosted to support ...

The Bank of Thailand (BOT) announced on Wednesday that it had maintained its estimation of gross domestic product (GDP) in 2021 at 0.7 per cent expansion, but increased its forecast of 2022 GDP to 3.9 per cent from its August estimation of 3.7 per cent.“The ...

Headline inflation in August contracted 0.02% year-on-year, the first drop in five months, after the decline of fresh food prices and the government’s launch of stimulus measures to ease the cost of living during the pandemic, says Wuttipong Jittungsakul, deputy spokesperson of the Fiscal Policy ...

The Bank of Thailand believes the economy bottomed out in the third quarter and should gradually pick up from the fourth quarter thanks to progress in the vaccination rollout and earlier than expected relaxation of the government’s containment measures.Lockdown measures to contain the Delta variant ...

Thailand’s overall economy is at risk of contraction in the third quarter due to restrictions on economic activities to curb Covid-19 from spreading further, Krungsri Research revealed on Wednesday.In its monthly economic report, Krungsri Research said the private sector’s consumption index in July contracted -5.3 ...

Thailand’s exports are expected to rise 10-12% this year as the global economy recovers, but the country’s coronavirus outbreak remains a negative factor, the National Shippers’ Council said on Tuesday.In the third quarter, exports, a rare bright spot in the economy, are forecast to increase ...