News
BOT focuses on pre-emptive moves to mitigate Covid-19 impact on 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 Nation Reporter
Covid-19 drives Thailand deeper into poverty
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 ...
Thai economy will shrink at least 5% this year: World Bank
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 ...
EIC forecasts U-shaped recovery
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 ...
Bangkok Post Reporter
Covid-19 casts two spells on Thai economy
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 ...
Economy shrinks for first time since 2014 on virus
The country’s economy contracted in the first quarter for the first time since 2014 as the coronavirus outbreak cut off tourist arrivals and shuttered commerce.Gross domestic product shrank 1.8% from a year ago, the National Economic and Social Development Council (NESDC) said on Monday. That’s ...
Q3 rebound eyed from relief boost
Thai GDP in the first and second quarters of 2020 faces a sharp year-on-year decline due to the global economic slowdown, widespread drought and coronavirus impact.But prospects are expected to improve in the third quarter onwards, boosted by the 1-trillion-baht plan for cash handouts to ...
Bangkok Post Reporter
Business groups see GDP contracting 3%-5% this year
Thailand’s economy may shrink 3%-5% this year, sharply down from growth of 1.5%-2.0% projected in March, as the coronavirus pandemic hits global demand and domestic activity, a group of leading business associations said on Thursday.The group also cut its forecast for 2020 exports, a key ...
BoT outlines possible recovery paths
The economy is likely to stage a V- or U-shaped recovery, while a W-shaped rebound is not far-fetched if a second wave of coronavirus occurs, says a senior official at the central bank.The V- or U-shaped recovery mainly depends on foreign tourist arrivals and the ...
Somruedi Banchongduang
Central bank paints grim economic picture
The economy contracted at an accelerated pace in March due to Covid-19 measures, with sharp drops reported in almost all areas, according to the Bank of Thailand.Inflation fell into negative territory for the first time since June 2017, said Don Nakornthab, senior director of the ...
Bangkok Post Reporter
