Finance Ministry cuts economic growth outlook to 2.8%

Finance Ministry cuts economic growth outlook to 2.8%

Finance Ministry cuts economic growth outlook to 2.8% The Ministry of Finance has now cut the country’s economic growth outlook to 2.8%, from the previous 3%. BANGKOK (NNT) – After three quarters, the global economic slowdown and the ongoing trade war between China and the United States, are still having an adverse impact on the…

Thai Labour minister calls meeting after U.S. GSP cut

Thai Labour minister calls meeting after U.S. GSP cut

Thai Labour minister calls meeting after U.S. GSP cut The Minister of Labour has called an urgent meeting to address the labour concerns cited by the U.S. as a factor in the decision to revoke trade preferences. BANGKOK (NNT) – The decision by the U.S. to suspend Generalized System of Preferences (GSP) treatment to Thailand,…

IMF and SCB lower Thai growth forecast under 3%

IMF and SCB lower Thai growth forecast under 3%

IMF and SCB lower Thai growth forecast under 3% IMF and SCB have joined other banks and organisations to predict Thai economic growth under 3% for 2019. Siam Commercial Bank’s (SCB) Economics Intelligence Center (EIC) has adjusted its Thailand 2019 economic growth projection from 3 percent down to 2.8 percent. The center has reported that…

Thailand drops to 40th in WEF Global Competitiveness Report

Thailand drops to 40th in WEF Global Competitiveness Report

Thailand drops to 40th in WEF Global Competitiveness Report Thailand’s competitiveness ranking has dropped two spots from 38th to 40th in the World Economic Forum’s Global Competitiveness Index rankings for 2019 Thailand is the 40 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report…

Asian Development Bank drops growth forecast for Thailand

Asian Development Bank drops growth forecast for Thailand

Asian Development Bank drops growth forecast for Thailand “The bank forecasts a slightly higher growth rate at 3.2% next year, due largely to infrastructure investment in the Eastern Economic Corridor.” The Asian Development Bank is lowering its growth forecast for Thailand’s economy from 3.9% to 3% but is optimistic that conditions will improve next year.…

Thailand pushes to finish RCEP talks by November

Thailand pushes to finish RCEP talks by November

Thailand pushes to finish RCEP talks by November The RCEP initiative was launched in November 2012 with the aim of boosting economic cooperation between 10 ASEAN countries and six dialogue partners, namely China, Japan, the Republic of Korea, Australia, India and New Zealand.   With US President Donald Trump withdrawing his country from the Trans-Pacific…