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Thailand’s Monetary Policy Committee increases policy rate to 0.75%, with immediate effect

August 10, 2022
by Nad Bunnag
Comments Off on Thailand’s Monetary Policy Committee increases policy rate to 0.75%, with immediate effect

The country’s Monetary Policy Committee (MPC), one of the main committees of the Bank of Thailand, decided today (Wednesday), by a vote of 6 to 1, to increase the policy rate…

Thailand’s 2021 economy grows by 1.6%, PM vows to go full steam ahead on recovery

February 21, 2022
by Kitipat Chuensukjit
Comments Off on Thailand’s 2021 economy grows by 1.6%, PM vows to go full steam ahead on recovery

Thailand’s economy for the year 2021 grew by 1.6%, better than the projected growth of 1.2%, according to the National Economic and Social Development Council (NESDC). According to Deputy Government…

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Thailand’s economy forecast to grow by 4% this year

January 28, 2022
by administrator
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The Thai national economy is expected to grow by 4% this year, thanks to the limited impacts of the COVID-19 pandemic in many countries, the recovery in tourism under the…

The Thai economy is heavily dependent on tourism as a major employment generator. Businesses have been hit hard by the prolonged pandemic situation and the fallout of lockdown restrictions since 2020.(Photo by Richard Balog)

2021: Economic recovery stuck in pandemic quicksand

December 29, 2021
by Tulip Naksompop Blauw
Comments Off on 2021: Economic recovery stuck in pandemic quicksand

After the sharp economic contraction triggered by the pandemic in 2020, hopes were high that Thailand’s economy would stage a recovery in 2021. The COVID-19 outbreak in early 2020 had…

Photo by Lillian SUWANRUMPHA / AFP

Private sector needs to lead economic recovery, says global financial institute executive

December 13, 2021
by administrator
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Emphasising how the private sector is the one that needs to lead the country into recovery, Alfonso Garcia Mora, Vice President for Asia Pacific at the International Finance Corporation, (IFC), a sister…

Photo by CHRISTOPHE ARCHAMBAULT / AFP

Thailand’s GDP for Q3 contracts 0.3%, forecast to increase by 1.2% for whole year – NESDC

November 15, 2021
by Nad Bunnag
Comments Off on Thailand’s GDP for Q3 contracts 0.3%, forecast to increase by 1.2% for whole year – NESDC

Thailand’s economic gross domestic product (GDP) shrank 0.3% during the third quarter, compared to an increase of 0.1% during the second quarter and 7.6% during the same quarter of last…

AP Photo/Vincent Thian

IMF warns pandemic darkening prospects in developing countries

October 12, 2021
by administrator
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Washington (AFP) – The ongoing hit from the Covid-19 pandemic and the failure to distribute vaccines worldwide is worsening the economic divide and darkening prospects for developing nations, the IMF said Tuesday….

Economic recovery hinges on whether relaxation of lockdown is sustainable

September 3, 2021
by Tulip Naksompop Blauw
Comments Off on Economic recovery hinges on whether relaxation of lockdown is sustainable

The government has started to ease some lockdown restrictions from September 1. Department stores have been allowed to reopen most of their services after being closed for a month. Restaurants…

Khao San Road, a once popular tourist strip in Bangkok. (Photo by Jack TAYLOR / AFP)

Virus surge kills chance of early economic recovery for Thailand

July 29, 2021
by Tulip Naksompop Blauw
Comments Off on Virus surge kills chance of early economic recovery for Thailand

Thailand’s economic recovery looks set to be delayed further, with many research houses revising down their growth forecasts for this year. The economy contracted 6.1 percent last year amid the…

PM assures Thai people that government will lead country through COVID crisis

April 23, 2021
by Tulip Naksompop Blauw
Comments Off on PM assures Thai people that government will lead country through COVID crisis

Prime Minister Prayut Chan-o-cha has assured the Thai people that he and his government will explore all means to get Thailand through the current crisis, posed by the third wave…

Photo by Romeo GACAD / AFP

IMF readjusts Thailand’s GDP forecast from -7.7% to -7.1%

October 21, 2020
by Nad Bunnag
Comments Off on IMF readjusts Thailand’s GDP forecast from -7.7% to -7.1%

The International Monetary Fund (IMF) has adjusted Thailand’s GDP growth forecast, from -7.7% to -7.1% for 2020. This is an indication that the Thai economy is recovering after the Government…

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