ASP: 15% Q2 contraction possible

ASP: 15% Q2 contraction possible

ASP: 15% Q2 contraction possible Thailand’s economy could contract by 15% year-on-year in the second quarter from lockdown measures, with rising contagion risk affecting economic activities on the external front, says Asia Plus Securities (ASP). “Second-quarter GDP is likely contract for both quarter-on-quarter and year-on-year figures because of the country’s lockdown measures against the pandemic,”…

Facing headwinds in 2019, Thai economy looks better for 2020

Thailand’s competitiveness ranking dips

Thailand’s competitiveness ranking dips Thailand has fallen four places to 29th in IMD’s world competitiveness rankings for 2020, weighed down by a decline in rankings for economic performance and government efficiency. Conducted by the Institute for Management Development, the survey analysed global economies and their ability to generate prosperity. All 63 countries were gauged in…

Bank of Thailand expects 3% economic growth in 2021

Bank of Thailand expects 3% economic growth in 2021 The Bank of Thailand has released its latest overview of the Thai economy, which it expects will grow more than 3 percent in 2021. Meanwhile, the latest report by the National Economic and Social Development Council (NESDC) reported 2.4 percent growth in 2019, but has downgraded…

Bank cuts Thai 2020 GDP growth outlook to 2.7%

Bank cuts Thai 2020 GDP growth outlook to 2.7%

Bank cuts Thai 2020 GDP growth outlook to 2.7% SCB’s Economic Intelligence Center (EIC) has released its latest growth forecast, at 2.7 percent, showing a slow recovery from just 2.5 percent economic growth in 2019 SCB’s Economic Intelligence Center (EIC) has released its latest forecast, indicating that the Thai economy at the end of 2020…

Thai Cabinet approves new economic stimulus measures

Thai Cabinet approves new economic stimulus measures

Thai Cabinet approves new economic stimulus measures The Thai government has rolled out new stimulus measures intended to boost full-year economic growth to 2.8% The Thai Cabinet today approved three new stimulus packages to prop up the softening economy, said Finance Minister Uttama Savanayana. The government expects the measures to propel full-year economic growth to…

NESDC cuts Thailand’s growth to 2.6%

NESDC cuts Thailand’s growth to 2.6%

NESDC cuts Thailand’s growth to 2.6% GDP growth this year is now expected down to 2.6 percent, but the council now expects 2020 GDP to grow at least 2.7 percent when the export sector is expected to recover BANGKOK (NNT) – The Office of the National Economic and Social Development Council (NESDC) has announced that…

US Fed poised to cut rates this week

US Fed poised to cut rates this week

US Fed poised to cut rates this week “Hiring, while strong, has slowed. Business investment is moribund. Exports are weakening. And manufacturing – always a vital economic weather vane – is in recession.” by Douglas Gillison Facing a dauntingly uncertain economic horizon and constant criticism, including insults and demands for stimulus from the US president, the…

Thailand’s economy grew at 2.3%YOY in 2019Q2, lowest in 19Q

Thailand’s economy grew at 2.3%YOY in 2019Q2, lowest in 19Q

Thailand’s economy grew at 2.3%YOY in 2019Q2, lowest in 19Q Agricultural sector contracted by drought effect while industrial sector’s deteriorated following the export-related production. Thailand’s economic growth in the second quarter of 2019 decelerated at 2.3%YOY, which is the slowest rate in nineteen quarters. This was significantly due to a drop in exports, both goods…