Kasikorn Bank lowers 2019 GDP growth forecast to 3.1% Kasikorn Research Center (KResearch) has adjusted its expected GDP growth figure this year, lowering it from 3.7 to 3.1 percent, following Bank of Thailand lowering estimates from 3.8% to 3.3% Kasikorn Research Center (KResearch) has adjusted its expected GDP growth figure this year, lowering it from…
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% 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…
Thailand’s manufacturing production index (MPI) sinks to 12-month low Both global and domestic economies have been weak, in part due to the trade war, which if prolonged would be manufacturers’ worst-case scenario. Thailand’s manufacturing production index (MPI) in April fell for the first time this year, dipping to its lowest level in 12 months to…
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 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…
Trade war dampens mood as GDP growth view scaled back to 3.7% CONCERNS over political uncertainty and the impact of the US-China trade war have prompted the nation’s peak private sector advisory grouping to cut its forecast for economic growth this year to as low as 3.7 per cent. The Joint Standing Committee on Commerce,…
Thai Economic Growth Strengthens in Fourth-Quarter but Election Could Impact 2019 PACE Cars pass a Skytrain (Bangkok Mass Transit System) construction site in Bangkok, Thailand May 13, 2018. REUTERS/Soe Zeya Tun By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy grew at its best pace in six years in 2018, with fourth-quarter beating…
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 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…