NESDB projects 1.5-2.5 percent growth in 2020

NESDB projects 1.5-2.5 percent growth in 2020

NESDB projects 1.5-2.5 percent growth in 2020 With help from the government’s economic measures, the National Economic and Social Development Board (NESDB) is expecting the Thai economy this year to grow just 1.5-2.5 percent. This year, the country’s economy is facing another big concern from the COVID-19 virus situation. With help from the government’s economic…

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…

ECONOMICSThai economy’s Deceleration confirmed in November (Bot)

Thai economy’s Deceleration confirmed in November (Bot)

Thai economy’s Deceleration confirmed in November (Bot) Thailand’s economy continued on a downward trend in November with exports contracting by 7.7 percent from the same period last year According to Bot’s latest Press Release, the Thai economy continued to be on a decelerating trend in November, prompting the Central Bank to use the exact same words from its previous…

NESDC cuts Thailand’s growth to 2.6%

NESDC cuts Thailand’s growth to 2.6%

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…

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…

BoT trims growth forecast to 3.3% from 3.8%

BoT trims growth forecast to 3.3% from 3.8%

BoT trims growth forecast to 3.3% from 3.8% The bank of Thailand while maintaining a policy rate of 1.75 percent per year, announced that in 2019, the economy will expand at the lower rate of 3.3 percent from 4.1 percent in 2018, BANGKOK, 28 June 2019(NNT) – The Bank of Thailand (BOT) announced yesterday that…