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Political crisis may reduce GDP growth by 2-3% in Thailand

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Thailand’s current political turmoil will reduce the gross domestic product (GDP) growth by 2-3 per cent if it continues escalating, according to a top banker.

Kasikornbank executive vice president Chatichai Payuhanavichai said that the GDP growth will drop by around 1 per cent if the tension eases.

Given this scenario, he sees GDP this year expanding in a range of 3.5-6 per cent.

M. Chatichai voiced optimism that the ongoing political standoff should begin easing now that the United Front for Democracy Against Dictatorship (UDD) protesters agreeing to retreat from the Sala Daeng intersection and Silom Road, to ease the confrontation with a group of Multi-Coloured demonstrators gathering to resist the occupation of the capital’s bustling area by the UDD protesters.

via Persistent political turmoil reducing GDP growth by 2-3%, says banker.

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China’s economy stumbles on power crunch

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BEIJING (Reuters) – China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policymakers to do more to prop up the faltering recovery.

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Thailand aims to push its games and content industry

After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.

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Currently, key digital organizations involved in the economy are joining forces to push the Thai gaming industry, so as to attain the level of a regional hub.

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