News
Household debt increases Bt136 billion in second quarter
Thai household debt in the second quarter of 2021 recorded at 14.27 trillion baht, or 89.3 per cent of GDP, comparing to 14.14 trillion baht recorded in the first quarter, or 90.6 per cent of GDP, which was the highest point of household debt per ...
The Nation Reporter
Private sector ups 2021 GDP forecast as Thailand’s Covid-19 situation improves
A joint private sector committee has adjusted Thailand’s estimated gross domestic product (GDP) growth for this year to between -0.05 and 1 per cent, higher than the previous estimate of -1.5 to 0 per cent.The committee is comprised of three private sector organisations, namely the ...
The Nation Reporter
BoT cuts 2021 GDP rise to 0.7%
The Bank of Thailand (BoT) has slashed its economic growth projection for this year again to 0.7% as the third wave of Covid-19 has had a more severe impact on the country’s economy since the central bank conducted its earlier projection.The BoT’s Monetary Policy Committee ...
Somruedi Banchongduang
Bank of Thailand holds rate, cuts GDP forecast on Covid spike
The Bank of Thailand (BoT) held its key interest rate unchanged and cut its economic forecast a day after lockdown-like measures were extended to more of the country, with two dissenting members saying rates should be lowered even further.The BoT’s Monetary Policy Committee voted four ...
Thailand’s Finance Ministry Slashes 2021 Economic Growth Forecast to 1.3%
Thailand’s Finance Ministry has slashed its 2021 economic growth forecast to 1.3%, from 2.3%, the third such revision this year, as Thailand fights its biggest COVID-19 outbreak to date.Fiscal Policy Office Director-General Kulaya Tantitemit said the current outbreak is impacting economic activity and the expected ...
NNT Reporter
Thailand Risks First Double-Dip Recession Since 1998 Asia Crisis
Thailand will likely be the worst economic performer in Southeast Asia this year, with economists continuing to slash the country’s growth forecast amid surging Covid-19 infections, mounting political tensions and fading hopes for a tourism revival.Gross domestic product is expected to grow 1.8% this year, ...
Prolonged lockdowns to cause GDP drop
The economic impact from lockdowns may cause Thai GDP to drop by 300 billion baht or 1.7 percentage points, while listed companies’ earnings price per share are expected to decline by 4% this year, as reflected in recent decreases in share prices, according to Kasikorn ...
Bangkok Post Reporter
Committee cuts GDP forecast to 0-1.5% amid latest outbreak
A private sector council has cut Thailand’s economic growth projection this year to 0-1.5%, mainly due to the prolonged Covid-19 outbreak.The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) decided to slash the country’s gross domestic product (GDP) forecast for this year to 0-1.5% ...
Somruedi Banchongduang
Household debt reaches 18-year high
Thailand’s household debt has hit an 18-year high after rising to 90.5% of GDP in the first quarter.Kasikorn Research Center (K-Research) reported Thailand’s outstanding household debt increased to 14.13 trillion baht in the first quarter of 2021, or 90.5% of GDP, the highest level in ...
Bangkok Post Reporter
BoT revises growth forecast to 1.8%
The Bank of Thailand (BoT) has slashed the country’s economic growth forecast again for this year to 1.8% from an earlier projection of 3%, due to lower foreign tourist arrival estimates and lower domestic demand due to the third wave of Covid-19.Under the downside risk ...
Bangkok Post Reporter
