Connect with us

Economics

Thailand Tops Bloomberg’s Emerging Markets List

Bloomberg surveys show that analysts are penciling in high rates of growth next year for some of those that have been hardest-hit in 2020.

Published

on

Thailand and Russia are well placed to be among the emerging-market standouts that could beat expectations next year, according to a Bloomberg study of 17 developing markets gauging their outlook for 2021.

Thailand topped the list, owing to its solid reserves and high potential for portfolio inflows, while Russia scored No. 2 thanks to robust external accounts and a strong fiscal profile, in addition to an undervalued ruble.

The Government Spokesman Anucha Burapachaisri reported today that Prime Minister and Minister of Defence Gen Prayut Chan-o-cha has welcomed the ranking of Thailand as the number one country on Bloomberg’s Top Emerging Markets list, indicating high potential for Thailand’s economic recovery thanks to the government’s economic stimuli and investment promotion measures.

The U.S. media firm has conducted studies on the 2021 outlook in 17 emerging markets, covering Thailand, Russia, China, South Korea, Malaysia, and Indonesia, and based on 11 indicators of economic and financial performance.

Among these markets, Thailand received the top ranking thanks to the country’s reserves and potential for portfolio inflows.

There remains a worry, especially among poorer less-developed countries, that they’ll be left behind in global vaccination distribution, and emerging markets have certainly taken their share of hits to Covid-era growth, including those like Thailand that are especially dependent on tourism.

That said, Bloomberg surveys show that analysts are penciling in high rates of growth next year for some of those that have been hardest-hit in 2020.

Click to comment

Leave a Reply

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.

Published

on

Last week was tough for the Asia-Pacific region. Many countries responded to stubbornly elevated daily infections by extending or tightening social distancing measures.

(more…)
Continue Reading

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%.

Published

on

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.

(more…)
Continue Reading

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,165 other subscribers

Wise

Recent