Thai economy could take more than 2 years to recover: Standard Chartered Standard Chartered Bank today (May 28) said it remains conservative on Thailand’s economic outlook, even as positive signs emerge with the possibility of a further policy rate cut to below 0.25 per cent. The return to pre-Covid levels of economic activity could take…
Thai economy to return to normal in three years The Thailand Development Research Institute (TDRI) has forcast that Thailand is likely to take up to three years to return to normal economic conditions similar to 2019. Bangkok (VNA) – The Thailand Development Research Institute (TDRI) has forecast that Thailand is likely to take up to three years to…
Thai Economy shrinks 1.8% in first quarter BANGKOK (Reuters) – Thailand’s economy contracted at its sharpest pace in eight years in the first quarter, pushing Southeast Asia’s second largest economy into recession sooner than expected, as the coronavirius pandemic hit tourism and domestic activity. The state planning agency, reporting January-March data on Monday, slashed its…
Thai economy shrinks at fastest pace in eight years Thailand’s economy contracted 1.8 percent in the January-March period from a year earlier, the sharpest fall in eight years in the first quarter, mainly due to the COVID-19 pandemic’s impact on tourism and domestic activity. Hanoi (VNA) – Thailand’s economy contracted 1.8 percent in the January-March period from a…
JSCCIB expects Thai economy to contract by 3-5% this year BANGKOK(NNT) – Due to the impacts of COVID -19, the meeting of the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) expects the Thai economy to contract 3-5 percent in 2020, which is less than the International Monetary Fund (IMF)’s prediction of between 6…
Covid-19, poverty, social protection and the Thai economy More than half of workers in Thailand are informal, meaning they are not covered by a social security scheme and are particularly vulnerable. The coronavirus pandemic (COVID-19) has touched people from all walks of life. Across Thailand, children have been home from school, employees have been working…
March inflation hits 51-month low at -0.54 percent March 2020 inflation rate receded to 0.54 percent, marking the first recession in 33 months and the lowest inflation rate in 51 months. The inflation rate of the Thai economy has been reduced sharply by lower oil prices and a lesser demand for goods due to the…
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 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…
Two out of three CEOs say the 2020 Thai economy will not improve – Survey Many CEOs, based in Thailand, don’t expect Thailand’s economy to improve during 2020. Many surveyed cited global economic uncertainties, according to the “CEO Survey” of 100 individuals. The survey was conducted by Krungthep Thurakit newspaper a month ago. Around 68.4%…