EIC cuts 2019’s growth forecast to 3.3%.

EIC cuts 2019’s growth forecast to 3.3%.

EIC cuts 2019’s growth forecast to 3.3%. EIC has revised down the forecast for Thailand’s GDP growth in 2019 to 3.3%, from the previous projection of 3.6%. The Office of the National Economic and Social Development Council (NESDC) reported that Thailand’s GDP expanded by 2.8%YOY (compared to the same period last year), or 1.0%QOQ_sa (seasonally…

World Bank downgrades Thai growth to 3.5%

World Bank downgrades Thai growth to 3.5%

World Bank downgrades Thai growth to 3.5% This is the first time since the 1997-1998 Asian financial crisis that growth in the region has dropped below 6% according to the World Bank’s latest “Global Economic Prospects” report. Thailand’s 2019 GDP growth outlook is seen down to 3.5% from the 3.8% forecast in January, according to…

Thai growth slips to 4-year low in Q1

Thai growth slips to 4-year low in Q1

Thai growth slips to 4-year low in Q1 Thailand’s GDP growth slowed sharply to 2.8% year-on-year in the first quarter of 2019 from 3.6% in the previous quarter The National Economic and Social Development Council (NESDC) reported that GDP rose 2.8% year-on-year in the first quarter. Workers are seen carrying out construction work at the…

BOT eases jitters over currency

BOT eases jitters over currency

BOT eases jitters over currency THE chief of the central bank has sought to play down any concerns over the country’s potential inclusion on a US watch list for currency manipulation. Bank of Thailand (BOT) governor Veerathai Santiprabhob said there would be no concrete consequences if the US, as speculation suggests, is poised to add…

No major harm to Thailand from Brexit, say experts

No major harm to Thailand from Brexit, say experts

No major harm to Thailand from Brexit, say experts EXPERTS PREDICT that Brexit will have a limited impact on the Thai economy, saying that the biggest loser will be the United Kingdom itself. On Tuesday, UK lawmakers rejected May’s Brexit agreement proposal by 391 to 242 votes in the House of Commons. On Wednesday, the…

Thailand’s Investment Outlook For 2019

Thailand’s Investment Outlook For 2019

Thailand’s Investment Outlook For 2019 Any political instability due to the upcoming elections could pose a risk to Thailand’s economic expansion. Although the country’s growth rate is among the lowest in ASEAN, Thailand serves as a gateway to one of the world’s most dynamic markets. In the 2019 World Bank Group report, Thailand garnered a…

FPO expects 4% economic growth this year

FPO expects 4% economic growth this year

The Fiscal Policy Office reports that last year’s economic growth could hit the 4.1% mark, expecting the Thai GDP to expand at a rate of 4% this year. Estimating last year’s economic figures ahead of an official announcement, Director of the Fiscal Policy Office (FPO), Lawaron Sangsanit, said today that Thailand’s 2018 GDP growth would…