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Thai GDP shrank 9% in Q4 2011

The National Economic and Social Development Board (NESDB) has revealed that last year’s devastating flood has pulled down the Gross Domestic Product (GDP) last year. According to the NESDB, the GDP in the fourth quarter of last year dropped by 9% compared to a 3.7% rise in the third quarter.

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The National Economic and Social Development Board (NESDB) has revealed that last year’s devastating flood has pulled down the Gross Domestic Product (GDP) last year. According to the NESDB, the GDP in the fourth quarter of last year dropped by 9% compared to a 3.7% rise in the third quarter.

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The economy suffered a 328 billion baht loss during the last quarter alone. The overall GDP last year grew by only 0.1% as a result of the massive flood. As for the the GDP growth this year, the NESDB expects a 5.5-6.5% growth on the back of domestic consumption and a full recovery of the real sector. Read More

The Board of Investment (BOI) has revealed that the Foreign Direct Investment (FDI) in January this year increased by 60% year-on-year, standing at 25 billion baht in value.

In January, foreigners requested investment promotions for 80 projects, a 19% increase year-on-year, worth 25 billion baht altogether; forty-three of which were for the expansion of the existing businesses in Thailand; while the other 37 were for new ones. The increase reflected foreigners’ confidence in Thailand after it was hit by the flood.

According to the BOI, four most popular industries are in the fields of: (1) metal, machinery and transportation, (2) electronic and electrical appliances, (3) chemical, paper and plastics, and (4) infrastructures.

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Economics

Sluggish vaccine campaign threatens Thailand’s economic recovery

The latest baseline scenario issued by the bank of Thailand predicts a GDP growth of 2%, assuming that vaccine procurement and distribution reaches 100 million doses this year and leads to herd immunity in the first quarter of 2022.

Olivier Languepin

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The Bank of Thailand (BoT) slashed again Thailand’s economic growth forecast for 2021 for the second time this year targeting a mere 1 to 2% growth, depending mainly on the procurement and distribution of Covid-19 vaccines.

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Economics

Thailand’s Consumer Confidence Drops to Record Low in April

The University of the Thai Chamber of Commerce (UTTC) estimated an economic loss of 400-600 billion baht if the outbreak continues beyond this month

National News Bureau of Thailand and Headline Editor

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BANGKOK (NNT) – The University of the Thai Chamber of Commerce (UTTC) said consumer confidence hit a record low in April, dropping to 46.0 from 48.5 in March, dented by a new wave of COVID-19 infections.

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Investment

Thailand Q1 Investment Applications Soar 80% as FDI More Than Double says BOI

The top three source countries of FDI applications during the first quarter were South Korea, China, and Singapore, with similar levels of investment. Korean investment soared due to a large-scale joint venture in the medical sector, Ms Duangjai said.

Pr News and BOI

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The Thailand Board of Investment (BOI) said today that in the first quarter of 2021, investment applications rose 80% from the year earlier period to a total value of 123.4 billion baht (USD3.9 billion), led by projects in the medical and electric and electronics (E&E) sectors, as foreign direct investment (FDI) applications more than doubled.

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