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As crypto assets become more mainstream, potential implications for the wider economy are set to increase, said the IMF. (photo by @executium)

2021: The year of crypto craze and challenges it poses

December 21, 2021
by Tulip Naksompop Blauw
Comments Off on 2021: The year of crypto craze and challenges it poses

Trading in digital assets in Thailand saw high growth in 2021, on par with global markets, as large numbers of investors have entered the market. The low-interest rates offered by…

AP Photo/Vincent Thian

IMF warns pandemic darkening prospects in developing countries

October 12, 2021
by Hathai Techakitteranun
Comments Off on 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….

International Monetary Fund headquarters(IMF) building in Washington, DC. (Photo by MANDEL NGAN / AFP)

IMF officially approves increased lending capacity

August 3, 2021
by Tulip Naksompop Blauw
Comments Off on IMF officially approves increased lending capacity

The board of governors of the International Monetary Fund on Monday greenlit increasing the institution’s lending capacity by $650 billion, the last step in approving an initiative to boost aid…

IMF sees 6% world growth, warns developing nations falling behind

July 27, 2021
by Tulip Naksompop Blauw
Comments Off on IMF sees 6% world growth, warns developing nations falling behind

The global economy will expand by six percent this year, but disparities between nations are widening as advanced economies accelerate while developing countries fall behind, the IMF said Tuesday. While…

(Photo by PORNCHAI KITTIWONGSAKUL / AFP)

Tax hikes may be unavoidable in post-COVID economy

April 8, 2021
by Tulip Naksompop Blauw
Comments Off on Tax hikes may be unavoidable in post-COVID economy

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…

Photo by Romeo GACAD / AFP

IMF readjusts Thailand’s GDP forecast from -7.7% to -7.1%

October 21, 2020
by Nad Bunnag
Comments Off on 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…

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

July 20, 2020
by Kasipat Wongvitayakamjorn
Comments Off on Central bank governor says Thai economy does not need bailout from IMF

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
Comments Off on IMF chief: ‘Clear we have entered recession’

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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