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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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commodities

Thai farmers income on the rise

According to latest Agriculture Ministry’s survey, Thai farmers earned more income this year, as the output of rice, para rubber, fruit and corn has substantially increased.

National News Bureau of Thailand

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Bangkok, 20 June 2019 (NNT) – Last year, Thai farmers earned more income and enjoyed better quality produce, thanks to the government’s marketing drive. This year, the output of rice, para rubber, fruit and corn has substantially increased.

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Economics

Aging society and skill shortage key issues in Thailand’s economy

According to Moody’s latest Research Announcement, Thailand will sustain fiscal and external strength regardless of political developments; but structural challenges persist.

Boris Sullivan

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13 June 2019 Singapore, June 13, 2019 — —Thailand will likely maintain continuity on infrastructure investment, after the country’s recent election results.

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Economics

Thai vehicle production shrinks 6.11% YoY in May

Thai vehicle production in May 2019 was 181,338 units, which is 6.11 percent lower than the previous year due to declines in both domestic and international markets.

National News Bureau of Thailand

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BANGKOK, 14 June 2019 (NNT) – The Thai vehicle production yield in May 2019 was lower by 6.11 percent year-on-year due to implications from both domestic and international markets, says Federation of Thai Industries.

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