Thai economy expected to contract in 2020, but will recover next year

The Organization for Economic Co-operation and Development, or OECD, has published its assessment of the Thai economy, saying that the pandemic has interrupted Thailand’s socioeconomic progress. In its recent 163-page…

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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…

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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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How Thai economy will perform next year

Thailand’s economy is likely to increase around 2.7-3.0 percent, according to the predictions by several economic institutions. The limited expansion is a result of negative effect from the weaker global…

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(Photo) Millions of pro-democracy protesters have taken to the streets of Hong Kong over the past 10 weeks/AFP (File/Anthony WALLACE)

Hong Kong standoff takes a toll on Thai economy

The political standoff in Hong Kong is not only fueling fears that Hong Kong may be heading for recession, but also that it may hurt Thailand’s economy. For example, Thailand’s…

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Economic issues for new Thai government

As of press time, political parties from both sides are racing to sign up coalition partners. After the much-awaited general election, finally, there are signs that Thailand may soon have…

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How drought weakens Thai economy

Thai farmers are expected to face a tough year in 2019 as the drought will be more acute than usual, lowering the water levels in reservoirs in the central and…

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