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Economics

Thai Economy likely to miss the 3.5% growth target

Deputy Prime Minister Somkid Jatusripitak said the global economic slowdown hasweakened exports and reduced domestic consumption

National News Bureau of Thailand

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Deputy Prime Minister Somkid Jatusripitak said the Thai economy is likely to stay below the 3.5% growth target as projected earlier.

He said the global economic slowdown hasweakened exports and reduced domestic consumption. He added that delays in private investment during the general election also dampened GDP in the first quarter.

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Economics

Finance Ministry cuts economic growth outlook to 2.8%

The Ministry of Finance has now cut the country’s economic growth outlook to 2.8%, from the previous 3%.

National News Bureau of Thailand

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BANGKOK (NNT) – After three quarters, the global economic slowdown and the ongoing trade war between China and the United States, are still having an adverse impact on the Thai economy.

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Asean

We’ve entered the Asian Century and there is no turning back

In the nineteenth century, the world was Europeanized. In the twentieth century, it was Americanized. Now, it is being Asianized – and much faster than you may think.

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Asia’s rise has been swift. Home to more than half of the world’s population, the region has climbed from low- to middle-income status within a single generation. By 2040, it is likely to generate more than 50% of world GDP, and could account for nearly 40% of global consumption.

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Economics

EIC Export growth forecast for 2019 is maintained at -2.5%

Without a clear signal of export recovery, EIC views that during the 4th quarter of 2019 the export contraction momentum will continue

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Although China and the US reached a preliminary trade agreement on October 10-11, 2019, the ongoing trade war should still drag on, pressuring export growth throughout the remainder of the year. Hence, EIC maintains its -2.5% export growth forecast for 2019.

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