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…
Thailand’s 2019 Forecast Cut to 2.6% as Q3 GDP slows to 0.1% On an annual basis, gross domestic product (GDP) rose 2.4% in the third quarter, less than the forecast 2.6%. Thailand’s economy grew at its slowest quarterly rate in a year in the third quarter, leading the government to cut this year’s growth estimate…
Asia’s Economic Outlook Dims as Trade and Investment Weaken The slowdown in global trade coupled with a sharp downswing in the electronics cycle has pulled down forecasts for the PRC and the more open economies in East and Southeast Asia. Economic growth in developing Asia remains robust but prospects have further dimmed and risks to…
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…
Exports contracted by -2.1%YOY in June, or -8.7% without Gold With the exception of military arms and weapons reshipment to the USA in February, Thai exports value has shrunk continuously for the past 8 months, and the first half of 2019 showing a decline of -4.4%YOY. The value of Thai exports in June 2019 fell…
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 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 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% 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 Growth Slumps to Weakest Since 2014 as Trade War Takes Toll (Bloomberg) — Thailand’s economy grew at the slowest pace since 2014 in the first quarter as weaker global demand and trade tensions weighed on exports. Gross domestic product rose 2.8% from a year ago, down from a revised 3.6% in the fourth quarter,…