FPO upgrades 2020 GDP decline to 7.7%

FPO upgrades 2020 GDP decline to 7.7%

Business

FPO upgrades 2020 GDP decline to 7.7% GDP contraction is projected to be less severe than previously estimated based on a recovery among Thailand’s Asian trading partners, without factoring in domestic political turbulence, says the Fiscal Policy Office (FPO). The FPO’s latest economic forecast upgrades GDP contraction this year to 7.7% from a 8.2% decline…

Private sector worried over economic impact of political turmoil

Private sector worried over economic impact of political turmoil

Economics

Private sector worried over economic impact of political turmoil The private sector has expressed concern that escalating anti-establishment protests could impact the economy, the Thai Chamber of Commerce said on Wednesday. Foreign investors were eager to invest in Thailand but might change their mind if the political unrest remains unresolved, said the chamber’s chairman Kalin…