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The Bank of Thailand (BoT) has said that the country’s limited reopening for international visitors will not significantly help the Thai economy recover much this year, although positive signs  are seen from increased domestic spending, with a strong recovery expected in the second quarter next ...

Fiscal policy is back in focus in Thailand as the central bank runs out of conventional monetary policy space to spur the economy.With interest rates near zero, the Bank of Thailand (BoT) last week called for “more targeted and timely” government policies to support the ...

Exports were again in negative territory last month but the figures still bolstered confidence at the Commerce Ministry that the worst of the slump might be over.The ministry reported on Monday that exports in July contracted 11.37% year-on-year to US$18.8 billion as the coronavirus pandemic ...

Thailand’s economy may have shrank by 12%-13% in the second quarter from a year earlier due to the impacts of the coronavirous pandemic, the central bank said on Friday, in what could be a record contraction.However, the economy had improved in June from the previous ...

Thailand’s economy will likely contract 8.5% in 2020, worse than previously estimated and the biggest decline of any Asian nation this year.The Finance Ministry’s forecast, released in Bangkok on Thursday, compares with a previous projection of 2.4% growth. The central bank is estimating the economy ...

Pre-emptive measures will be launched in three areas to prop the economy up, it was decided at a meeting of the Bank of Thailand (BOT)’s Monetary Policy Committee and the Financial Institutions Policy Committee.At the year’s first biannual meeting on July 7 of the two ...

The World Bank forecasts it will take Thailand at least two years to resume its pre-Covid real growth level – already one of the lowest in the region at 2.8% in 2019 – while the pandemic promises to swell the growing ranks of the country’s ...

Thailand’s economy is expected to be severely impacted by the Covid-19 pandemic, shrinking by at least 5% this year and taking more than two years to return to pre-pandemic GDP output levels, the World Bank said on Tuesday.In the baseline scenario, the economy is projected ...

The Thai economy is likely set for a U-shaped recovery and a return to pre-pandemic growth levels in two years, according to the Siam Commercial Bank’s Economic Intelligence Center (EIC).GDP growth would show pre-coronavirus levels by early 2022, said Yunyong Thaicharoen, chief economist of the ...

The Thai economy contracted by 1.8 per cent in the first quarter from the same period last year or shrank by 2.2 per cent from the previous quarter after seasonal adjustment, the National Economic and Social Development Council has said.This recession was driven by the ...