Grim economic outlook in Thailand if an Omicron outbreak drags on for months

Thai economists have expressed concern that an outbreak of the COVID-19 Omicron variant, if it drags on for a long period, will severely impact Thailand’s economic growth. Amornthep Jawala, assistant…

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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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Finance Ministry to adjust growth rate in April in light of virus outbreak

Thailand’s Finance Ministry will adjust the country’s growth rate projection for 2020 in April in the wake of several negative factors, including COVID-19 outbreaks in several countries, which have started…

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Central bank keeps benchmark interest rate at 1.25 percent

The Bank of Thailand’s Monetary Policy Committee (MPC) agreed unanimously on Wednesday to leave the benchmark interest rate unchanged at 1.25%, after its assessment that economic growth will be less…

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World Bank puts Thailand’s 2019 GDP growth at 3.8 percent 

The World Bank has cut Thailand’s growth rate projection this year to 3.8% from 3.9% compared to last year’s 4.1% GDP due to export growth slowing to 5.7% from last…

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Somkid confident of 4-4.2 percent growth rate for 2018

Deputy Prime Minister Somkid Jatusripitak is confident that Thailand’s economy for the year 2018 would grow between 4-4.2 percent, citing several economic indicators which have shown sign of improvements. In…

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Growth rate for 3rd quarter drops but to rebound in last quarter:  NESDB

Economic growth rate for the third quarter was registered at 3.3 percent – down from 4.6 percent during the second quarter, but the growth rate for the fourth quarter is…

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