Thailand’s economy has recovered strongly in the first quarter of 2018 supported by healthy growths in the export and tourism sector. Exports in the first three months have jumped up 11.3 percent year on year, representing a seven-year high and it remains a driving force of the economy this year, said Pornpen Sodsrichai, director of…
Thailand has made impressive economic and social progress over the past several decades, but must now take further steps to transform its economy and ensure that prosperity is shared more equally across the country, according to a new report from the Organisation for Economic Co-operation and Development. The Initial Assessment of the Multidimensional Review of Thailand highlights…
THAILAND’s GDP growth 2008-2018 Infogram A spate of public and private positive forecasts have revised up Thailand’s GDP growth projection for 2018 to over 4 per cent. Earlier this week the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) increased the group’s 2018 GDP projection from growth of 3.8-4.5% to 4.0-4.5% after witnessing…
The World Bank projects that growth prospects for 2017 and 2018 remain positive for developing east Asia and the Pacific. Favourable external factors include stronger growth in advanced economies, a moderate recovery in commodity prices, and a strengthening of global trade growth. Growth in the EAP region strengthened marginally to 6.4 percent in 2017, 0.2…