Pandemic “Triple Shock” Hitting East Asia and Pacific Economies Thailand’s baseline and lowercase GDP growth projections are now down to -8.3% and -10.4%, and the region as a whole is expected to grow by only 0.9 percent in 2020, the lowest rate since 1967. COVID-19 has delivered a triple shock to the developing East Asia…
8.3 million Thai workers will lose employment or income in 2020 says World Bank The World Bank says that as much as 8.3 million workers in Thailand could lose jobs or income from the coronavirus pandemic, bringing the number of economically insecure people to 9.7 million Thailand’s economy is expected to be impacted severely by…
Productivity is Key to Thailand’s Growth and Prosperity, says World Bank The Thai economy is projected to pick up moderately to 2.7 percent in 2020 as private consumption recovers and investment picks up due to the implementation of large public infrastructure projects. Thailand’s growth slowed to an estimated 2.5 percent in 2019 from 4.1 percent…
Thailand edges up 6 spots in World Bank’s Ease of Doing Business 2020 Thailand’s ranking in the World Bank’s Ease of Doing Business 2020 list has edged up 6 places, from 27th to 21st this year from 190 countries surveyed The World Bank ranked Singapore second and Malaysia 12th in Doing Business 2020 report. In…
World Bank downgrades Thai growth to 3.5% This is the first time since the 1997-1998 Asian financial crisis that growth in the region has dropped below 6% according to the World Bank’s latest “Global Economic Prospects” report. Thailand’s 2019 GDP growth outlook is seen down to 3.5% from the 3.8% forecast in January, according to…
ASIAN MARKETS RISE ON HOPES FOR INTEREST RATE CUTS A man walks past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm in 2017 in Tokyo. Photo: Shuji Kajiyama / Associated Press SINGAPORE — Asian shares were mostly higher Thursday on news that the Reserve Bank of Australia may cut interest rates,…
The World Bank projects that growth prospects for 2017 and 2018 remain positive for developing east Asia and the Pacific. Favourable external factors include stronger growth in advanced economies, a moderate recovery in commodity prices, and a strengthening of global trade growth. Growth in the EAP region strengthened marginally to 6.4 percent in 2017, 0.2…