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Khao San Road, a once popular tourist strip in Bangkok. (Photo by Jack TAYLOR / AFP)

Virus surge kills chance of early economic recovery for Thailand

July 29, 2021
by Tulip Naksompop Blauw
Comments Off on Virus surge kills chance of early economic recovery for Thailand

Thailand’s economic recovery looks set to be delayed further, with many research houses revising down their growth forecasts for this year. The economy contracted 6.1 percent last year amid the…

Thailand Deputy Prime Minister Somkid Jatusripitak delivers a speech during the opening ceremony of World Economic Forum on Mekong region in Hanoi on October 25, 2016. (Photo by STR / AFP)

Is ‘economics tsar’ Somkid Jatusripitak preparing to make a comeback?

July 19, 2021
by Tulip Naksompop Blauw
Comments Off on Is ‘economics tsar’ Somkid Jatusripitak preparing to make a comeback?

Famed as Thailand’s top “economics tsar”, former deputy prime minister Somkid Jatusripitak has served both elected governments and a junta regime during his long and colorful career. Somkid, 68, abruptly quit…

Cautious optimism infects Thailand as mass vaccination heralds reopening

June 10, 2021
by Tulip Naksompop Blauw
Comments Off on Cautious optimism infects Thailand as mass vaccination heralds reopening

The launch of Thailand’s mass vaccination program on June 7 has sparked hope that the country can reopen for tourists and resume normal business activities. But uncertainty remains. The third…

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

October 7, 2020
by Kitipat Chuensukjit
Comments Off on 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…

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…

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…

©Waranont (Joe)

How Thai economy will perform next year

December 29, 2019
by jeerapas@thaipbs.or.th
Comments Off on 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…

(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

August 17, 2019
by administrator
Comments Off on 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…

Economic issues for new Thai government

May 28, 2019
by sirrderd
Comments Off on 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…

How drought weakens Thai economy

April 19, 2019
by Mood-dang
Comments Off on 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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