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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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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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