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Thailand’s GDP growth projection of 3.2% for this year could be downgraded by as much as four percentage points, depending on the government’s management of the latest outbreak, says the Bank of Thailand.There are three scenarios that could cause the country’s economic growth outlook to ...

The Digital Economy Promotion Agency (Depa) has vowed to increase the GDP of the country’s digital industry by 1% or 6 billion baht next year through various support programmes.The commitment was spelled out by Depa president and chief executive Nuttapon Nimmanphatcharin in a recent press ...

Thailand’s gross domestic product could underperform next year if tourism remains weak, even as this year’s economic performance may beat sharply reduced forecasts, the country’s central bank head said Friday.All reasonable policy options are on the table in such a situation, although there’s currently no ...

Thailand’s economic recovery momentum gained traction thanks to quarter-on-quarter GDP growth in the third quarter, with exports and public investment expected as the main growth drivers for next year, says a research house.GDP contraction has been upgraded to 6.4% from a 10.3% decline projected previously, ...

The economy shrank 6.4 per cent in the third quarter, the National Economic and Social Development Council (NESDC) said on Monday.The gross domestic product in the third quarter however was an improvement from the 12.1 per cent contraction in the second quarter, as a result ...

Thailand’s economy has passed its lowest point and is expected to contract less than previously expected this year due to a recovery in consumption, senior officials said.“We can say that our lowest point was in the second quarter,” Danucha Pichayanan, head of the National Economic ...

Thailand’s third-quarter agricultural gross domestic product (GDP) recovered to drop by only 0.4 per cent year on year, the Office of Agricultural Economics said on Wednesday.The office secretary-general Chantanon Wannakejohn said production of economic crops, such as rice, tapioca, pineapple, palm oil, mangosteen and rambutan ...

Thailand’s economy will shrink this year by less than previously estimated as government support measures alleviate the impact of the coronavirus pandemic, according to the finance ministry.The Southeast Asian nation, which has seen trade and tourism battered by the pandemic, will contract 7.7% in 2020, ...

Thailand’s economy is still expected to contract by 7%-9% this year although exports could shrink less than previously projected as the coronavirus pandemic remains a risk, a group of the country’s top business associations said on Wednesday.The group now predicts exports will drop 8%-10%, rather ...

The World Bank expects Thailand’s gross domestic product (GDP) to contract 8.3 per cent this year, more than the earlier estimate of minus 5 percent.The bank expects the economy to expand by 4.9 per cent next year, with more than two years required for the ...