Testing the stagflation waters

Thailand’s economy has been mired in a contraction for five consecutive quarters, starting with a 1.8% dip in the first quarter of 2020 followed by an alarming 12.2% nosedive in the second quarter.The contraction was less severe at only 6.4% in the third quarter, shrinking ...

Bangkok Post Reporter

April export gain likely more than 10%

Thai exports are maintaining healthy growth momentum and likely increased by more than 10% in April, says Commerce Minister Jurin Laksanawisit.Mr Jurin revealed on Friday the country’s exports have passed the low point, with outbound shipments increasing by more than 10% in April from US$18.9 ...

Bangkok Post Reporter

Third Covid wave rocks Thai economy

Thailand and many of its neighbours are struggling with the spread of Covid-19 cases while they await the beginning of mass vaccination programmes to counter the pandemic.Thailand’s financial system has been hit hard by the latest coronavirus outbreak and the central bank says its economy ...

Thai economy shrinks by 2.6% in Q1

The Thai economy shrank by 2.6% in the first quarter of this year — an improvement from a 4.2% contraction in the previous quarter — after it was boosted by a continued increase in agricultural production, recovery of non-agricultural production, acceleration in domestic investments, rise ...

Bangkok Post Reporter

Thailand’s GDP growth relies on vaccine rollout, NESDC says

Thailand’s gross domestic product (GDP) in the first quarter of this year contracted by 2.6 per cent because the third wave of Covid-19 infections has hurt the economy and tourism industry, the National Economic and Social Development Council (NESDC) said on Monday.However, it was a ...

The Nation Reporter

Forecasters: Economy probably shrank in Q1

Thailand’s economy probably shrank again in the first quarter of this year, a Reuters poll showed on Friday, as coronavirus outbreaks hurt consumption and tourism, slowing the pace of the economic recovery.Southeast Asia’s second-largest economy, which is heavily reliant on tourism, is believed to have ...

Thai economy may lose $3 billion a month after new virus outbreak

Thailand’s economy could lose 100 billion baht ($3.2 billion) a month, a university warned on Thursday, as the country struggles with a third wave of the coronavirus. The University of the Thai Chamber of Commerce said the latest wave could reduce the number of workers by ...

Private sector lowers economic forecast amid Covid surge

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) on Wednesday downgraded Thailand’s economic growth projection to a range of 1.5 to 3 per cent, dragged down by lower purchasing power and employment rate.The JSCCIB’s outlook was lower than the previous one in March ...

Kasikorn Research slashes growth forecast for Thai economy

Kasikorn Research Centre has slashed its growth forecast for the Thai economy in this 2021 from 2.6 per cent to 1.8 per cent following the latest outbreak of Covid-19 in the country.The research centre said the downgrade came despite positive factors such as the upswing ...

The Nation Reporter

Most support govt's plan to create special holiday: poll

A majority of people agree with the government’s intention to create a special, long holiday similar to Songkran to help stimulate the country’s sagging economy, according to a survey by Suan Dusit Rajabhat University, or Suan Dusit Poll.The poll was conducted online on April 6-15 ...

Bangkok Post Reporter

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