Finance Ministry cuts economic growth outlook to 2.8%

Finance Ministry cuts economic growth outlook to 2.8%

Finance Ministry cuts economic growth outlook to 2.8% The Ministry of Finance has now cut the country’s economic growth outlook to 2.8%, from the previous 3%. BANGKOK (NNT) – After three quarters, the global economic slowdown and the ongoing trade war between China and the United States, are still having an adverse impact on the…

Thailand’s Q2 growth rate at 2.3%, lowest in 19 quarters

Thailand’s Q2 growth rate at 2.3%, lowest in 19 quarters

Thailand’s Q2 growth rate at 2.3%, lowest in 19 quarters Thailand’s economic think-tank warned that something must be done quickly by the government, otherwise the economic situation will get worse. Thailand’s economic growth rate for the second quarter of this year registered at 2.3%, compared to 2.8% for the first quarter, which is the lowest…

Thailand’s Drought disaster estimated 10bn baht ($326M)

Thailand’s Drought disaster estimated 10bn baht ($326M)

Thailand’s Drought disaster estimated 10bn baht ($326M) The overall damage is expected to escalate to 37 billion baht should the drought extends to September, as the wet season rice cultivation cycle would be affected; that would lower expected Thai economic growth to 2.9 percent from 3 percent. The University of the Thai Chambers of Commerce…