Thai cabinet approves $8.2bn relief to ease impact of new outbreak Loans and cash transfers aim to support consumer spending as economy slows BANGKOK (Reuters) — Thailand’s cabinet on Wednesday approved an additional economic relief package worth 255 billion baht ($8.2 billion) to help people affected by a third wave of coronavirus infections, the prime…
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.…
Economy shrinks 6.4% y/y in Q3, less than expected [BANGKOK] Thailand’s economy improved in the third quarter after the government eased restrictions on movement and implemented a series of stimulus measures while getting the country’s Covid-19 outbreak largely under control. Gross domestic product shrank 6.4 per cent from a year ago, the National Economic and…
Thai economy passed lowest point, to contract less than expected – officials BANGKOK (Reuters) – Thailand’s economy has passed its lowest point and is expected to contract less than previously expected this year due to a recovery in consumption, senior officials said. “We can say that our lowest point was in the second quarter,” Danucha…
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…
Thailand’s growth slips to a 5-year low at 2.4% Thailand has recorded its slowest economic growth in five years at 2.4% according to the National Economic and Social Development Council (NESDC) Thailand’s economy grew by 2.4 per cent in 2019, the National Economic and Social Development Council (NESDC) said on Monday February 17th. Thailand has…
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…