Trade war dampens mood as GDP growth view scaled back to 3.7% CONCERNS over political uncertainty and the impact of the US-China trade war have prompted the nation’s peak private sector advisory grouping to cut its forecast for economic growth this year to as low as 3.7 per cent. The Joint Standing Committee on Commerce,…
Inflation diverges in Southeast Asia’s two biggest economies BANGKOK: Inflation in Southeast Asia’s two biggest economies, Indonesia and Thailand, diverged in March, putting the two nations on possibly different monetary policy courses. Consumer-price growth in Indonesia eased to 2.48 percent last month, below the central bank’s 2.5 percent to 4.5 percent target band, while in…
Thai rice exports facing strong regional competition Rice exports are down in February’s sales figures, in both total volume and value. High prices and competition from Vietnam are being blamed, along with the ongoing strong baht. Rice farmers also say they are concerned how long the hot season will last which will also affect their…
Forecasts for Thai export growth revised upwards The meeting of the Joint Standing Committee on Commerce, Industry and Banking has revised upwards its forecast of export growth in 2019 to between 6.5 – 7.5% from the previous forecast of between 3.5 – 4.5%. The revision is in line with export growth in the past eight…
Thai businesses feeling pinch from china-US trade wars Since the US China trade war kicked off in the middle of 2018, Thai businesses have begun to feel the pinch as indicated by a small downward trend in Thai export numbers. In the short run, some Thai export items may benefit from trade diversion as US and…
Emerging Asia’s Growth Prospects To 18-Year Low (ADB) Southeast Asia is projected to grow 4.9% this year, slower than December’s 5.1% forecast, and 5% in 2020. Growth remains strong across most of developing Asia but is set to moderate this year and next year against the backdrop of slowing global demand and persistent trade tensions,…