Thai parliament urged to pass record 1.9t baht virus stimulus bill

Thai parliament urged to pass record 1.9t baht virus stimulus bill

Thai parliament urged to pass record 1.9t baht virus stimulus bill [Bangkok] Thailand’s premier on Wednesday urged parliament to approve the kingdom’s biggest-ever stimulus package to revive an economy battered by coronavirus, which has brought tourism to a standstill, slashed exports and left millions jobless. The 1.9 trillion baht (S$84.4 billion) package would be a…

Thai Economy shrinks 1.8% in first quarter

Thai Economy shrinks 1.8% in first quarter

Thai Economy shrinks 1.8% in first quarter BANGKOK (Reuters) – Thailand’s economy contracted at its sharpest pace in eight years in the first quarter, pushing Southeast Asia’s second largest economy into recession sooner than expected, as the coronavirius pandemic hit tourism and domestic activity. The state planning agency, reporting January-March data on Monday, slashed its…

Thai GDP drops nearly 2% in first quarter

Thai GDP drops nearly 2% in first quarter

Thai GDP drops nearly 2% in first quarter The Thai economy’s slumped by nearly 2% year-on-year during Q1, 2020. In it’s full-year forecast, the National Economic and Social Development Council forecasts that the Thai GDP would drop 5-6% for the year. As a comparison, the economy tanked 7.6% during the 1997 financial crisis. The Gross Domestic Product…

Jobless Thais queue for food as pandemic hits economy

Jobless Thais queue for food as pandemic hits economy

Jobless Thais queue for food as pandemic hits economy Thais are becoming increasingly desperate as the pandemic destroys the economy and the government struggles to respond. Long lines of unemployed relying on free food across Bangkok, scrambles for cash handouts and fishing in fetid canals — Thais are getting increasingly desperate as the pandemic destroys…

BOT predicts 5.3% contraction in Thai economy for 2020

BOT predicts 5.3% contraction in Thai economy for 2020

BOT predicts 5.3% contraction in Thai economy for 2020 Even the Thai economy, which was still maintaining respectable growth before January, is now spluttering under the siege of the Covid-19 virus. Now the Bank of Thailand has crunched some numbers and believes the Thai economy will sharply contract by 5.3% this year as the virus…

Thailand’s economy improved slightly in December 2019

Thailand’s economy improved slightly in December 2019 The Thai economy improved slightly in December 2019, but overall economic activity in the fourth quarter of 2019 continued to be on the decelerating trend. According to the latest Press Release on the Economic and Monetary Conditions for December and the fourth quarter of 2019 Bank of Thailand,…