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3 percent growth forecasted for 2015 (Bangkok Poll)

Most economists believe that Thailand’s economic growth rate for this year will not exceed 3 percent, according to Bangkok Poll.

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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.

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Developing Asia’s Economy to Contract 0.7% in 2020 (ADB)

Economies across developing Asia will contract this year for the first time since 1960, according to a report released by the Asian Development Bank (ADB) today.

Boris Sullivan

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The Asian Development Outlook (ADO) 2020 Update forecasts -0.7% gross domestic product (GDP) growth for developing Asia this year—marking its first negative economic growth since the early 1960s. 

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Economics

Consumer confidence in August up for four straight months

The University of the Thai Chamber of Commerce (UTCC) reported on Wednesday the consumer confidence index rose to 51 in August from 50.1 in July, 49.2 in June, 48.2 in May and 47.2 in April.

National News Bureau of Thailand

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The University of the Thai Chamber of Commerce’s Center for Economic and Business Forecasting has reported that the country’s consumer confidence index in August 2020 increased for four consecutive months, thanks to the government’s various economic stimulus measures.

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Economics

COVID-19 reduces Thai household income by 70 percent

The ongoing COVID-19 pandemic has already decreased Thailand’s monthly household income by 70 percent.

National News Bureau of Thailand

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Lillian SUWANRUMPHA / AFP

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