UTCC sees growth dip to 1.6%

UTCC sees growth dip to 1.6%

UTCC sees growth dip to 1.6% GDP growth may dive to 1.6% this year if the government fails to stimulate an economy reeling from the third wave of the pandemic, says the University of the Thai Chamber of Commerce (UTCC). Despite maintaining its GDP growth forecast at 2.8%, the university on Thursday warned the government about…

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…