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Tax hikes may be unavoidable in post-COVID economy

April 8, 2021
by Tulip Naksompop Blauw
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COVID-19 has dealt a double blow to Thailand’s finances, reducing tax revenue while increasing the amount of money the government must spend to keep the economy afloat. The Cabinet recently…

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%

October 21, 2020
by Nad Bunnag
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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…

Central bank governor says Thai economy does not need bailout from IMF

July 20, 2020
by Kasipat Wongvitayakamjorn
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The Thai economy is strong enough and the country does not need to seek a financial bailout from the International Monetary Fund (IMF), although its GDP this year may be…

FILE PHOTO: The skyline of the Beijing’s Central Business District rises behind people crossing a street during evening rush hour as the spread of coronavirus disease (COVID-19) continues in China, April 15, 2020. REUTERS/Thomas Peter

Pandemic to bring Asia’s 2020 growth to halt for first time in 60 years: IMF

April 16, 2020
by jeerapas@thaipbs.or.th
Comments Off on Pandemic to bring Asia’s 2020 growth to halt for first time in 60 years: IMF

TOKYO (Reuters) – Asia’s economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an “unprecedented” toll on the…

(FILES) In this file photo taken on January 17, 2020, Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva speaks in Washington, DC. – The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, Georgieva said on March 27. 2020. (Photo by JIM WATSON / AFP)

IMF chief: ‘Clear we have entered recession’

March 28, 2020
by jeerapas@thaipbs.or.th
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The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday. “It is clear that…

IMF raises economic forecast for Thailand, trims Asean’s outlook

October 10, 2018
by Kitipat Chuensukjit
Comments Off on IMF raises economic forecast for Thailand, trims Asean’s outlook

The International Monetary Fund (IMF) has raised its projection of Thailand’s economic growth for this year to 4.6% from 3.9% last year, while cutting the economic growth forecast of Asean….

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