AP Photo/Vincent Thian

IMF warns pandemic darkening prospects in developing countries

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….

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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…

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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  

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…

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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…

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Women walk past a row of bank automatic teller machines in a commercial building in Bangkok on September 1, 2020. (Photo by Romeo GACAD / AFP)

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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