Economics
Thailand’s GDP growth to exceed 4% in Q3
Thailand’s gross domestic product (GDP) in the third quarter of this year will exceed 4%, Deputy Prime Minister Somkid Jatusripitak projected speaking at the Thailand Economic Outlook 2018 seminar under the topic “Thai Economy Transformed.”
As Mr. Somkid said the government was committed to continuing reform to national economy next year, the country’s growth could be expected further.
He then said the GDP for the 3rd quarter of this year will surpass 4%.
He expressed confidence of the growth, attributing this to the better-than-expected recovery of the national economy.
He expects that the Bank of Thailand will make adjustments to its GDP forecast for 2018 at the latter part of the year.
He went on to confirm that the government will be sticking to its plans to reform the economy not least of which is to provide assistance to low income earners, small and medium enterprises, and to help farmers to strengthen their economic standing.
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.
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%.
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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