Economics
Thai Exports shrink for the fourth consecutive month
Thai exports for the month of April shrank 1.7 % for the fourth consecutive month bringing the year to date export slide for four months to 4 %

Thai exports for the month of April shrank 1.7 % for the fourth consecutive month bringing the year to date export slide for four months to 4 %, according to the latest figures from the Commerce Ministry.
Thailand’s exports shrank 4.45% year-over-year in March, and 4.69% for the first quarter of this year.
Mr. Somkiat said the April contraction was partly attributed to the long Thai traditional New Year holiday that resulted in few working days, although he noted that a smaller drop signaled an improvement in the country’s trade.
Imports fell 6.84% in April compared with the same time of last year to $17.42 billion. From January to April, total imports contracted 6.53% from a year ago.
In 2014 Thailand’s Department of International Trade Promotion reported that Thai exports shrank by 0.41 per cent, contracting for the second consecutive year.
Thailand’s economy may grow less than the central bank’s forecast of 3,8 per cent this year should exports contract again.
According to Ath Pisalvanich, Director of the International Trade Studies Centre at the University of the Thai Chamber of Commerce, the export situation of Thailand in 2015 is expected to remain slightly better than 2014.
However, the future is still not so rosy bright due to the market shrink of Thai exports to Europe, Japan and China.
Earlier this month, the Office of the National Economic and Social Development Board cut its GDP growth forecast for this year to 3-4% from an earlier prediction of 3.5-4.5%.
It stated that the downward revision was mainly from the drop in export values following the falling global oil and farm prices.
It also expects Thailand to post only 0.2% growth in exports in 2015 from earlier projected 3.5%, while household consumption will expand by 2.3%.
The World Bank last month projected Thailand’s GDP will rise 3.5 percent this year, the weakest compared with estimates for the Philippines, Indonesia and Malaysia. Thai exports fell 0.3 percent in 2014, compared with a 9 percent gain for the Philippines and 7 percent for Malaysia, Bloomberg data show.
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.

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).
(more…)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.

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.
(more…)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.
-
Forex3 days ago
Leverage from Forex Brokers & How Beginners Can Benefit from It
-
Tourism1 week ago
Wish you were here: how the pandemic harmed tourism-dependent economies
-
Economics3 hours ago
Thai economy to grow 4% in 2021 following 6.5% decline in 2020
-
Economics1 week ago
COVID-19 brings first consumer confidence drop in 3 months