High value-added economy in focus The next national economic and social development plan should aim to provide Thailand a high value-added economy, according to the state planning unit. Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), said the NESDC board on Feb 15 approved a development framework for the country’s 13th…
Thailand Will Focus on High Value-added Economy BANGKOK (NNT) – The next national economic and social development plan from 2022 to 2026 is aimed to provide Thailand a high value-added economy. National Economic and Social Development Council (NESDC) Secretary-General Danucha Pichayanan said the NESDC board has approved a development framework for the 13th national economic and…
Thailand’s economy shrank by 6.1 pct in 2020 BANGKOK, Feb 15 – Thailand’s economy shrank by 6.1 per cent in 2020, its biggest fall since the 1998 Asian financial crisis. In a statement, the Office of the National Economic and Social Development Council (NESDC) said the country’s economy declined by 4.2 per cent year-on-year in the fourth…
GDP Growth in Q4 2020 declined by 4.2 per cent; -6.1 per cent for the year Thailand’s economy in the fourth quarter of 2020 contracted 4.2 per cent, contributing to an abysmal 2020 with the economy shrinking 6.1 per cent for the entire year, the National Economic and Social Development Council (NESDC) said on Monday.…
S&P keeps BBB+ Thai credit rating The Finance Ministry is confident the Thai economy will steadily recover after Standard & Poor (S&P) Global Ratings kept the kingdom’s sovereign credit rating at BBB+. Finance Minister Arkhom Termpittayapaisith said S&P not only maintained Thailand’s sovereign credit rating but also rated its economy as having a Stable Outlook.…
Economy shrinks 6.4% in busy Q3 Thailand’s GDP contracted by 6.4% year-on-year in the third quarter, with full-year economic contraction projected to arrive at 6%, says the National Economic and Social Development Council (NESDC). The economy was previously anticipated to contract by 7.5% this year. The main reason supporting a lower full-year economic contraction is…
Thailand to focus on socio-economic recovery in the next two years Thai Prime Minister Prayut Chan-o-cha has underscored that the country’s economic and social development plan over the next two years should focus primarily on community-level economic development, enhancing competitiveness, upgrading human resources and infrastructure development. Bangkok (VNA) – Thai Prime Minister Prayut Chan-o-cha has underscored…
Thailand’s biggest economic slump since 1998 triggers more fiscal stimulus THAILAND’S economy suffered its biggest contraction since the Asian financial crisis in the second quarter due to the fallout of the coronavirus, prompting the government to slash its GDP forecast for the year and announce more stimulus. Data from the state planning agency showed a…
Thailand slips into recession AS Q1 GDP shrinks by 1.8 pct By Linda Khoo BANGKOK, May 18 — Thailand’s Gross Domestic Product (GDP) shrank by 1.8 per cent in the first quarter from a year ago as the COVID-19 pandemic hit tourism sectors and reduced business activities. It was the deepest contraction since the fourth quarter of…
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…