Foreign tourists walk along the popular Khaosan Road in Bangkok on May 17, 2022. Thailand’s economy grew 2.2 percent in the first quarter following an export and tourism boost after the relaxation of pandemic entry restrictions, the kingdom’s main economic agency said May 17. Lillian SUWANRUMPHA / AFP

Thailand’s 2022 GDP growth projection cut to 3%, 2.2% recorded for Q1

The National Economic and Social Development Council (NESDC) has decided to cut Thailand’s gross domestic product (GDP) growth projection for 2022 to between 2.5% and 3.5%, or an average of…

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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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Photo by CHRISTOPHE ARCHAMBAULT / AFP

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…

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Darryl Dyck / POOL / AFP

Thailand to join ASEAN-Canada FTA talks

The Thai cabinet today approved Thailand’s bid to join ASEAN-Canada FTA talks, in the hope of opening a trade gateway to North America. The cabinet agreed to let Thailand participate…

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An electronic display showing the China GDP indexes is seen on a street in Shanghai, China October 16, 2021. REUTERS/Aly Song

China’s economy stumbles on power crunch, property woes

BEIJING (Reuters) – China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policymakers…

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S&P Global retains Thailand’s credit rating at BBB+ with stable outlook

S&P Global Ratings (S&P) has retained Thailand’s sovereign credit rating for 2021 at BBB+, with a stable outlook, as it was last year, according to Government Spokesman Thanakorn Wangboonkongchana. Regarding…

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World Bank’s lowers Thailand’s GDP growth forecast for this year to 1%

World Bank has slashed Thailand’s gross domestic product (GDP) projection for 2021 to just 1%, from 2.2% originally forecast, due to the impacts of the COVID-19 pandemic, said Mr. Kiatipong…

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Thailand raises public debt ceiling to 70% of GDP

Thailand has decided to increase its public debt ceiling to gross domestic product (GDP) ratio to 70%, from the current 60%, to allow the government to borrow more to rehabilitate…

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(Photo by Tim Mossholder)

Thailand’s economy staring at recession at year-end

The Thai economy rebounded in the second quarter, growing by 7.5 percent year on year, after a 12.1 percent contraction during April-June last year. The high economic growth in the second…

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3 months of semi-lockdown required to bring pandemic under control – KKP Research

KKP Research, of Kiatnakin Phatra Bank, has predicted that the latest COVID-19 outbreak will be longer than expected, due to the Delta variant, the slow imposition of lockdown measures and…

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Photo created by lifeforstock – www.freepik.com

Thailand’s household debt in Q1 at 90.5% of GDP and increasing – BoT

Thailand’s household debt, for the first quarter of this year, soared to 14.1 trillion baht, accounting for 90.5% of gross domestic product (GDP), and is increasing due to a fall…

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A nurse prepares a syringe with a dose of the Pfizer-BioNTech COVID-19 vaccine at a vaccination center in Tlaquepaque, Mexico, on March 8, 2021. (Photo by ULISES RUIZ / AFP)

Vaccines, US stimulus boost global GDP forecast: OECD

The OECD sharply raised its 2021 global growth forecast on Tuesday as the deployment of vaccines and a huge US stimulus programme have greatly improved economic prospects. The Paris-based Organisation…

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Thailand’s GDP this year set to contract 7.8-7.3%, not 5-6% previously forecast

Thailand’s household debt has increased to the highest level in four years, whereas the Gross Domestic Product (GDP) for the second quarter contracted 12.2%, prompting the Finance Ministry to forecast…

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A general view shows an empty street in Bangkok on April 3, 2020, ahead of a nationwide night curfew aimed at stemming the spread of the COVID-19 novel coronavirus. (Photo by Mladen ANTONOV / AFP)

Thai economy set bottom-out after Government reopens some businesses

The Thai economy has reached its low point, with the gross domestic product (GDP) forecast to contract by 3% to 5%, instead of 1.5-2% as originally estimated, and exports will…

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Fiscal Policy Office slashes GDP forecast for 2019 from 3% to 2.8%

Blaming external factors, the Office of Fiscal Policy at the Finance Ministry has revised downward the economic growth (GDP) forecast for 2019 to 2.8%. Mr. Lawan Saengsanit, director of the…

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ADB raises economic outlook for Thailand, cut forecast growth for Asean

The Asian Development Bank (ADB) has raised Thailand’s economic growth forecast this year by 0.5% from a previous forecast in April to 4.5%, while cutting Asean’s economic growth forecast to…

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