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Thai household debt stablising, measures planned to ease credit, minister says
Thailand’s household debt and non-performing loans have stabilised after economic growth gained pace towards the end of last year, its finance minister said on Friday, pledging more measures to help boost credit access. Thailand’s had a household debt-to-GDP ratio of 89.6 per cent at the end ...
BoT views household debt trend as easing
The Bank of Thailand anticipates a further decline in the country’s household debt-to-GDP ratio, supported by the Thai economic recovery and slower loan growth.According to central bank governor Sethaput Suthiwartnarueput, Thailand’s household debt-to-GDP was 90.9% in the first quarter this year, slightly reduced from the ...
Bangkok Post Reporter
PM2.5 smog choking Thailand’s economy, says World Bank
PM2.5 air pollution is costing Thailand a staggering 6% in lost GDP per year, according to the World Bank.The economic losses come from the huge medical bill for treating patients with PM2.5-related health conditions, says the “Thailand Economic Monitor” (December 2023) report.While Thailand has set ...
The Nation Reporter
Production index dips 4.3% in October
Thailand’s Manufacturing Production Index (MPI) decreased by 4.29% year-on-year in October to 89.4 points as people become more careful spending amid sluggish Thai and global economies.The Thai economy has not fully recovered and interest rates remain high, said Siripen Kiatfuengfoo, deputy director-general of the Office ...
Bangkok Post Reporter
International financial analysts expect Thailand’s policy rate to be cut next year
Two international analysts have said they expect the Bank of Thailand to cut its policy interest rate next year due to a drop in the country’s inflation rate.In a statement issued on Tuesday, Standard Chartered Bank said it expected the central bank to maintain its ...
The Nation Reporter
Thai economic growth slows in the third quarter
Thailand’s gross domestic product (GDP) expanded 1.5% in the third quarter from a year earlier, the National Economic and Social Development Council (NESDC) said on November 20.This figure is lower than the 2.4% growth that economists predicted in a Reuters poll previously released and the ...
Thai PM 'very worried' about weak Q3 growth, plans more stimulus
Thai Prime Minister Srettha Thavisin said on Monday (Nov 20) he was “very worried” about much slower-than-expected growth in the third quarter, with the economy burdened by declining exports and government spending.Gross domestic product (GDP) expanded 1.5 per cent in the July-September quarter from a ...
NESDC cuts 2023 Thai GDP to 2.5-3%
The National Economic and Social Development Council (NESDC) has revised downwards Thailand’s gross domestic product (GDP) for this year to between 2.5% and 3%, following a second-quarter expansion of just 1.8%.The decrease in growth is attributed to a 5.6% decline in exports in the last ...
The Nation Reporter
BOT reduces GDP growth estimate slightly in view of export slump
The Bank of Thailand (BOT) is reducing its estimation of GDP growth to 3.5% from 3.6% due to the country’s stagnant export sector and global economic slowdown.BOT governor Sethaput Suthiwartnarueput was speaking about Thailand’s economic trends on Monday at the bank’s annual seminar titled “Next ...
The Nation Reporter
Bank of Thailand raises growth forecasts following tourism boom
The Thai economy is likely to expand 3.6% this year and 3.8% next year due to stronger-than-expected growth in the tourist industry, according to the Bank of Thailand (BOT).It said the number of foreign tourists could hit 29 million this year and 35.5 million next ...
The Nation Reporter
