The Kasikorn Research Center says the Thai economy may grow only 2% if political conflict in the country drags on over six months of this year.

Meanwhile the Commerce Ministry also forecast higher inflation for the seventh consecutive month in February.Kasikorn Research Center deputy managing director Pimonwan Mahujchariyawong said the country’s economy  is still risking political uncertainty that could see consumption and investment slowing down.In the first half of this year, economic growth is expected to rise 0.3-1.2%, but depending on major events in March and April. For the export sector, she said it could grow 5% due to global economic recovery.

via Kbank says economic growth just 2% this year | Thai PBS English News.

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Fintech: the natural response to a quarantined economy

During the global lockdown, MSMEs needed Financial Technology (fintech) to keep business operations going. FinTech companies also provided an intrinsic relief to business owners that were at risk of getting sick by continuing to operate manually.

How are emerging markets combatting cryptocurrency-related crime?

A record $14bn in digital currencies were transferred to illegal addresses last year, according to blockchain data platform Chainalysis, up 79% on the $7.8bn recorded in 2020.

COVID-19 Drives Global Surge in use of Digital Payments

Three quarters of adults now have a bank or mobile money account; gender gap in account ownership narrows