Most economists believe that Thailand’s economic growth rate for this year will not exceed 3 percent against the Finance Ministry’s projection of 3.9 percent, according to Bangkok Poll.
The poll shows that only 1.6 percent of the economists believe the growth rate may reach 4.5 percent while 9.5 percent say the rate should be only 1.6.
The research centre of Bangkok University and the Faculty of Economics conduct opinions from 63 economists from 25 leading institutions about the trend of the GDP and the direction of interest during April 1-21.
The poll shows: 76.2 percent of the respondents believe the GDP will be just 3 percent; 9.5 percent believe the growth rate should be 3.9; 1.6 percent believe the rate should be 4.5 percent and 11.1 percent don’t have an opinion.
Private Bank lowers Thai GDP growth projection to 2.8%
Kasikorn Research Center lowered the country’s economic growth projection from 4% to 2.8%. Earlier this month, the central bank of Thailand had revised its economic growth projection to 3.8%, down 0.2% from 4% previously.
BoT growth projection to 3.8%
Earlier this month, the central bank of Thailand has revised its economic growth projection to 3.8%, down 0.2% from 4% earlier, after the country faced slow growth in the fourth quarter last year.
The Bank of Thailand (BoT) now projects growth at 3.8 % from 4 percent earlier. BoT assistance governor for Monetary Policy Mathee Supapongse said Friday that the GDP forecast cut is based on a slower than expected growth in the fourth quarter in 2014.
Thailand’s economic growth expected to return to 2019 levels in mid-2023
Although the economy would recover next year, the recovery is still substantially below potential level resulting in a large output loss and could affect Thailand’s potential economic growth in the future with the economy expected to return to 2019 levels in mid-2023.
The Siam Commercial Bank (SCB), one of Thailand’s largest commercial banks, said in its latest economic outlook report that the country’s economy may wait until the second semester of 2023 to return to 2019 growth levels.(more…)
World Bank cuts Thailand’s GDP growth outlook to 1% in 2021
The World Bank has said that Thailand’s economy is forecast to grow 1% this year, down from the 2.2% projected in July, hit by a spike in COVID-19 cases and a delayed reopening to visitors.
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