Exports show first uptick in eight months as global economy revives, beating estimates Thailand’s exports value in December gained year-on-year for the first time in eight months, by 4.71 per cent to USD 20.08 billion, beating market estimates of an 1.3 – 2.4-per-cent contraction, the Ministry of Commerce said on Friday. The exports figure hit…
FTI sanguine on vehicle output, buyer confidence Car manufacturing is expected to increase by 5.12% to 1.5 million units this year from 1.42 million units last year as the Federation of Thai Industries (FTI) pins hopes on the state’s ability to get the ongoing outbreak under control to bring Thailand back on track towards economic…
Fitch sees ‘very dim’ path for GDP growth Despite several fundamental buffers to cushion against the crisis, Thailand’s near-term growth prospects are “very dimmed” due to substantial losses stemming from the absence of foreign tourist arrivals, said Fitch Ratings. “It is one of the economies that is most reliant on tourism flows. [Thailand] has been…
Thai economy to grow 4% in 2021 following 6.5% decline in 2020 The World Bank is now expecting the Thai economy to see 4% growth this year, and a 4.7% growth in 2022, despite current challenges from the new wave of COVID-19 infections. The World Bank now expects that the Thai economy to expand by 4 per…