Connect with us
//pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({});

Economics

Thailand’s Q1 growth reaches 4.8 percent to Five-Year High

Thailand’s first quarter growth has expanded by 5 year high of 4.8 percent, according to the country’s economic monitoring agency.

Avatar

Published

on

Thailand’s first quarter growth has expanded by 5 year high of 4.8 percent, according to the country’s economic monitoring agency.

Deputy Secretary-General of the National Economic and Social Development Board, Wichayayuth Boonchit revealed that the high growth was attributed to a 3.6 percent boost in private sector consumption as a result of the government’s assistance plan for low income citizens.

Low inflation and interest rates, coupled with continued private sector investment from last year’s 4th quarter, were also contributing factors. reports Thailand’s news agency NNT

Most notably, applications for investment assistance in the Eastern Economic Corridor (EEC) have reached 165 billion baht while government investment has seen positive growth for the first time in four quarters.

Meanwhile, exports have continued to expand at a rate of 9.9 percent, approaching 61.9 billion US dollars. Increased demand due to growth in exports and private sector consumption has resulted in a 3.7 percent growth in the industrial sector due to increased demand.

The agricultural sector has also benefited from favorable weather conditions and sufficient water supply, expanding at a rate of 6.5. In addition, the tourism sector has garnered up to 573 billion baht from foreign visitors and 267 billion from domestic tourists.

The board has therefore adjusted its growth forecast for this year to 4.5 percent, up from the previous figure of 4.1, with a range of between 4.2 and 4.7 percent.

0/5 (0 Reviews)

Comments

Banking

SCB cuts thai growth forecast to 3.6%

The SCB’s Economic Intelligence Center (EIC) has reduced its growth projection for the Thai economy this year to 3.6%

Olivier Languepin

Published

on

The SCB’s Economic Intelligence Center (EIC) has reduced its growth projection for the Thai economy this year to 3.6% from a previous expectation of 3.8%.

(more…)
2.7/5 (3 Reviews)
Continue Reading

Economics

แนวโน้มเศรษฐกิจเอเชียลดต่ำลงจากการชะลอตัวของอุปสงค์ทั่วโลก

ประเทศกำลังพัฒนาของเอเชียยังคงเติบโตอย่างแข่งแกร่งทั่วทั้งภูมิภาค แต่ในระดับที่ชะลอตัวในปีนี้และปีหน้า เนื่องจากความตึงเครียดทางการค้าที่มีอย่างต่อเนื่อง

Avatar

Published

on

ฮ่องกง (3 เมษายน 2562) – ประเทศกำลังพัฒนาของเอเชียยังคงเติบโตอย่างแข่งแกร่งทั่วทั้งภูมิภาค แต่ในระดับที่ชะลอตัวในปีนี้และปีหน้า เนื่องจากความตึงเครียดทางการค้าที่มีอย่างต่อเนื่อง

(more…)
3.5/5 (2 Reviews)
Continue Reading

Economics

Emerging Asia’s Growth Prospects to 18-year low (ADB)

Southeast Asia is projected to grow 4.9% this year, slower than December’s 5.1% forecast, and 5% in 2020.

Avatar

Published

on

Growth remains strong across most of developing Asia but is set to moderate this year and next year against the backdrop of slowing global demand and persistent trade tensions, according to a new Asian Development Bank (ADB) report.

(more…)
0/5 (0 Reviews)
Continue Reading

Most Read

Must Read

Subscribe via Email

Enter your email address to receive notifications of new articles by email.

Join 14,324 other subscribers

Trending