Economics

Thailand’s 2012 economic growth 5.3%, higher than predicted

An increase in Thailand’s gross domestic product (GDP) in the final quarter of last year has contributed to Thailand’s 5.3 per cent economic growth for the entire year – slightly higher than the predicted 5 per cent expansion, according to Kasikorn Research Centre.

Published

8 years ago

February 1, 2013

Carlos Fuitzer

It said the positive momentum will possibly spill over into this year when the GDP could expand by 5.3 per cent in the first quarter thanks to the improving economy abroad. The research centre limits this year’s forecast GDP growth at 4.5-5.5 per cent due to the possible impact from surging production costs and the appreciating Thai baht since earlier this year. The two components might put pressure on the revival of Thailand’s business and exports, the centre forecast. It said the government’s measures to alleviate the impact and accelerated budget spending on water resource management and infrastructure will help move the Thai economy ahead Thailand’s 2012 economic growth 5.3%, higher than predicted | MCOT.net

Economics

Thai economy to grow 4% in 2021 following 6.5% decline in 2020

The World Bank is now expecting the Thai economy to see 4% growth this year, and a 4.7% growth in 2022, despite current challenges from the new wave of COVID-19 infections.

Published

6 days ago

January 21, 2021

Olivier Languepin

The World Bank now expects that the Thai economy to expand by 4 per cent in 2021, according to the latest World Bank Thailand Economic Monitor report “Restoring Incomes, Recovering Jobs” released on Wednesday (Jan 20).

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Banking

BoT sees mild impact of new COVID-19 wave on the economy

The Bank of Thailand (BoT) does not see the new wave of COVID-19 infections as having as much of an impact on the economy as the first wave, as fewer businesses have had to be suspended.

Published

1 week ago

January 18, 2021

National News Bureau of Thailand

BANGKOK (NNT) – Despite a new and wider wave of COVID-19 infections in the country, the Bank of Thailand (BoT) has assessed that the economic impact of the situation will not be as severe as the first wave as the effects of the virus are not as pronounced, and public health preparations, including plans for vaccination, are in place.

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Economics

COVID-19 brings first consumer confidence drop in 3 months

Consumer confidence in December 2020 was measured at 50.1 points, down from 52.4 the previous month. Economic confidence was also down to 43.5 from 45.6 points.

Published

2 weeks ago

January 14, 2021

National News Bureau of Thailand

BANGKOK (NNT) – Concerns linked to the new wave of COVID-19 infections has weighed on both daily life and business, resulting in the first drop in the Consumer Confidence Index in 3 months.

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