EIC or Economic Intelligence Center, a unit of Siam Commercial Bank Public Company Limited, is established to provide business executives with valuable insights for effective decision making.
Pet Humanization seen as a major trend in Thailand
In Thailand, data from Euromonitor indicates that in 2019, approximately 34% of Thai households have dogs and cats, and this will increase to 37% of the total number of Thai households in the country in 2022
Domestic demand and tourism key drivers for CLMV economic recovery
SCB EIC expects stronger CLMV economic growth in 2023, despite a global economic slowdown, yet remains below its pre-pandemic potential
Domestic demand and tourism will be key drivers for CLMV economic recovery in 2023.
EIC cuts Thai economic forecast for 2021 to 2.2% as the COVID-19 outbreak resurfaced
The recurring waves of the COVID-19 pandemic in various countries, including Thailand, will directly slow the pace of Thai economic recovery in 2021. As such, EIC revises the Thai GDP forecast down to 2.2%