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Thai economy likely to grow 2.5 to 3.5% in 2010

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The Thai economy is projected to grow 2.5-3.5 per cent this year, boosted by an increase in tourism activities, exports and investment, according to a leading academic economist.

Anusorn Tamajai, dean of Rangsit University’s Faculty of Economics, forecast the economy will continue to enjoy impressive growth of 6 per cent in the first quarter of this year from 5.8 per cent in the fourth quarter last year.

But after that, he said, the economy is likely to grow at a slower pace due to higher inflation rates, rising interest rates, fiscal measure constraints, and global economic uncertainties.

Overall, tourism, exports, and investment would benefit from the quick recovery of both Asian and US economies. Still, some regions, particularly Europe, might have difficulties with economic recovery.

Dean Anusorn suggested the Thai government not lift economic stimulus measures for this moment. Instead, it should prepare and opt to count on them in a proper time because the Thai economy remains vulnerable to political instability.

via Thai economy likely to grow 2.5-3.5% this year: leading academic.

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Thai economy continued on a decelerating trend in January

In January 2020, the Thai economy continued to be on a decelerating trend According to a Press Release by the Bank of Thailand

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According to the Press Release on the Economic and Monetary Conditions for January 2020 (Bank of Thailand), the Thai economy continued on a path of deceleration in January, contracting from the previous month in the value of merchandise exports excluding gold, manufacturing production, private investment indicators, and public spending.

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Economics

NESDB projects 1.5-2.5 percent growth in 2020

With help from the government’s economic measures, the National Economic and Social Development Board (NESDB) is expecting the Thai economy this year to grow just 1.5-2.5 percent.

National News Bureau of Thailand

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Construction Workers in Bangkok

This year, the country’s economy is facing another big concern from the COVID-19 virus situation. With help from the government’s economic measures, the National Economic and Social Development Board (NESDB) is expecting the Thai economy this year to grow just 1.5-2.5 percent.

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Economics

COVID-19 Set to Dampen Asean and China’s Economic Growth

The SARS outbreak provides a useful benchmark, but there are significant differences between that epidemic and the latest one.

Boris Sullivan

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Coronavirus Asia

The ongoing coronavirus outbreak will dampen economic growth in China this year, but the scale of the impact remains uncertain and will depend on the duration and intensity of the health crisis, says Fitch Ratings.

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