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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 ...

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 ...

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 ...

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 ...

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 ...

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  ...

The overall damage Thailand’s national economy, caused by the COVID-19 pandemic, is currently estimated at about one trillion baht, while business confidence for the first quarter of this year has dropped to 47.2, which is the lowest in almost two years, according to the forecast ...

The IMF downgraded the economic forecast for Thailand in 2020 to a contraction of 6.7%, making it the worst performer among its Asean peers if the multinational lender’s projection holds true. The revision is attributed to the economic toll of the coronavirus.Despite this, the IMF ...

The economy is expected to contract every quarter this year, with the nadir in the second quarter, according to a senior official at the Bank of Thailand.The contraction should narrow in the third and fourth quarters before turning around next year, said Don Nakornthab, senior ...