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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 ...

The Bank of Thailand says the economy is likely to expand by less than 1% in 2020 if the coronavirus outbreak lasts throughout the year, says a central bank senior official.If the virus continues to spread for the entire year, which is longer than the ...

The Fiscal Policy Office (FPO) has indicated that the Thai economy in January showed positive signs, due to the growths in the export sector, durable goods consumption in the private sector, and sales figures of personal vehicles. The office, however, pointed out that the COVID-19 ...

The Government’s economic policies are tailored to favour large corporations at the expense of the poor, resulting in the minority rich becoming richer while the poor get poorer, said party list MP of the now defunct Future Forward party, Mr. Pita Limjaroenrat, during the censure ...

The Thai economy could be hit hard if the new coronavirus (Covid-19) outbreak is prolonged, Don Nakornthab, senior director at the Bank of Thailand, said on Thursday (February 13).The economy is already weighed down by the impacts of the delay in implementing the annual budget ...

We now see downside risks to Thailand’s growth outlook in 2020, given the impact from the coronavirus outbreak on the tourism industry and broader economic sentiment.Our core view is Thai economic growth would rebound to 3.0% this year, following an estimated 2.5% expansion in 2019. ...

The Finance Ministry has dropped its estimate of 2019 growth in gross domestic product (GDP) from 2.8 to 2.5 per cent and its forecast for 2020 from 3.3 to 2.8 per cent.“The economy in 2019 is now estimated to have grown by 2.5 per cent ...

The coronavirus epidemic in China and other Asian countries will be a key factor in affecting the Chinese economy and also Thailand this week and maybe the next, experts said.The Chinese yuan weakened this week (January 20 to 24) as the coronavirus continued to spread ...