Banking

GDP growth just 2% in 2014 says Kasikorn Research Center

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.

Published

7 years ago

March 4, 2014

Fang Zhang

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.

Banking

Thailand’s Public debt to GDP ratio within framework says Finance Minister

Currently, Thailand’s ratio of public debt to gross domestic product (GDP) stands at 49.34 percent, which is below the Fiscal Sustainability Framework set at 60 percent.

Published

1 month ago

November 27, 2020

National News Bureau of Thailand

BANGKOK (NNT) – The Thai economy is gradually recovering, with monthly economic indicators, such as the consumer confidence index and domestic spending, showing positive signs.

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Banking

Raising inequality posing credit risks for sovereign in APAC countries

Governments with weaker social protection systems and tighter fiscal positions will face tougher challenges in tackling income inequality

Published

1 month ago

November 24, 2020

Pr News

Moody’s Investors Service says in a new report that the impact of the coronavirus pandemic will exacerbate income inequality in APAC, posing credit risk for sovereigns across the region and in particular for those with weaker fiscal capacity and social protection systems.

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Banking

Bank of Thailand steps in to curb recent baht strength

Bank of Thailand accelerates measures to advance the development of the new Thai FX Ecosystem and to limit excessive currency volatilities

Published

2 months ago

November 22, 2020

Olivier Languepin

In a press release published on the 20th of November, the central bank’s Monetary Policy Committee (MPC) has expressed concerns over the rapid appreciation of the baht as this affects the fragile economic recovery.

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