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,”…

Phase 3 easing generated 200 billion baht into Thai economy

Phase 3 easing generated 200 billion baht into Thai economy

Phase 3 easing generated 200 billion baht into Thai economy Phase 3 of Covid-19 restriction easing, which began June 1, has generated 200 billion baht of additional cash flow into the economy. With many other establishments returning to business as usual tomorrow, the Thai Chamber of Commerce has launched a forum for the brainstorming of ideas on…

Thai economy to return to normal in three years

Thai economy to return to normal in three years

Thai economy to return to normal in three years The Thailand Development Research Institute (TDRI) has forcast that Thailand is likely to take up to three years to return to normal economic conditions similar to 2019. Bangkok (VNA) – The Thailand Development Research Institute (TDRI) has forecast that Thailand is likely to take up to three years to…

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…

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…