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Thailand raises public debt ceiling to 70% of GDP

September 20, 2021
by Mintra Adair
Comments Off on 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…

(Photo by Tim Mossholder)

Thailand’s economy staring at recession at year-end

August 20, 2021
by Tulip Naksompop Blauw
Comments Off on 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…

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

July 22, 2021
by Mintra Adair
Comments Off on 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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Thailand’s household debt in Q1 at 90.5% of GDP and increasing – BoT

July 21, 2021
by Hathai Techakitteranun
Comments Off on 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…

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

March 9, 2021
by Tulip Naksompop Blauw
Comments Off on 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…

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

August 17, 2020
by Tanadatet
Comments Off on 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…

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

May 8, 2020
by Tanadatet
Comments Off on 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…

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

October 28, 2019
by Pasatorn Sangchai
Comments Off on 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…

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

September 27, 2018
by PhatpornS
Comments Off on 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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