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…

International credit rating agency gives Thailand a BBB+ economic report card

International credit rating agency gives Thailand a BBB+ economic report card

International credit rating agency gives Thailand a BBB+ economic report card Fitch Ratings has revised its outlook on Thailand’s Long-Term Foreign Currency Issuer Default Rating to “positive” from “stable” and upgraded the rating to BBB+. The revision reflects increasing international economic confidence that lingering political risks are unlikely to derail “sound macroeconomic management”, according to…

Thailand enters 5G technology era

Thailand enters 5G technology era

Thailand enters 5G technology era Thailand is leading the ASEAN community in 5G technology beginning with Chulalongkorn University and the Eastern Economic Corridor project from next year. The Thai Government’s National Broadcasting and Telecommunications Commission (NBTC) says it wants Thailand to be one of the first Asian countries to make the jump to 5G. Thailand is…

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…

Thai GDP forecast cut to 3.3% to 3.8%

Thai GDP forecast cut to 3.3% to 3.8%

Thai GDP forecast cut to 3.3% to 3.8% THE National Economic and Social Development Council (NESDC) has adjusted down its GDP forecast from 4 per cent to 3.3 to 3.8 per cent, citing the impact on Thai exports from the escalating US-China trade war as the key factor. “The escalation of the trade war is…

Thai Economy likely to miss the 3.5% growth target

Thai Economy likely to miss the 3.5% growth target

Thai Economy likely to miss the 3.5% growth target Deputy Prime Minister Somkid Jatusripitak said the global economic slowdown hasweakened exports and reduced domestic consumption Deputy Prime Minister Somkid Jatusripitak said the Thai economy is likely to stay below the 3.5% growth target as projected earlier. He said the global economic slowdown hasweakened exports and…

Will Asian Economies Dominate The World In 2050?

Will Asian Economies Dominate The World In 2050? Out of the 10 largest world economies of the world, four will be from Asia with China and India leading the world by 2050, according to the PwC report. https://www.youtube.com/watch?v=mqnNlNiDCXI Key findings The report sets out our latest long-term global growth projections to 2050 for 32 of the…