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Economics

Exports surge in February for fourth consecutive month

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Thailand’s exports in February continued to grow considerably for the fourth consecutive month, boosted by an increased shipment of agricultural and industrial products of all categories, according to Commerce Minister Porntiva Nakasai.

Mrs Porntiva revealed that the exports in February totalled US$14.4 billion in value, up 23.1 per cent from $11.69 billion the same month last year.

In terms of the baht, exports totaled Bt470.72 billion, up 16 per cent from the same month the year before.

The exports to key destinations including the United States, Europe and ASEAN expanded 38.8 per cent and those to emerging markets such as China, India, and South Asia grew 20, 75, and 90 per cent due to the global economic recovery.

via Exports surge in February for 4th consecutive month.

Economics

Asia’s slow rate of vaccination is a thorn in the region’s economic recovery

Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving average. The Philippines and Malaysia are not far off their daily infection peaks reached in the second quarter of 2021.

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Last week was tough for the Asia-Pacific region. Many countries responded to stubbornly elevated daily infections by extending or tightening social distancing measures.

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Economics

World Bank lowers Thai GDP growth outlook to 2.2%

In the Thailand Economic Monitor released today, the World Bank adjusted its outlook on Thailand’s economic growth this year to just 2.2% from its previous forecast of 3.4%.

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BANGKOK, July 15, 2021 – Thailand’s economy continues to take a heavy toll due to the COVID-19 pandemic and is projected to expand modestly at 2.2 percent in 2021, revised down from the 3.4 percent growth projected in March, according to the World Bank’s latest Thailand Economic Monitor “The Road to Recovery” published today.

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