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Thai prime minister says economy should help him gain support

“More significant is some of the key numbers that have made us confident about this recovery process. Unemployment is 1.1 per cent – I think that figure would be the envy of a lot of economies around the world.”

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While analysts have said that the prime minister has failed to end Thailand’s divisions, he said that the economy “should help gain us the support so that there is greater stability”.

Abhisit said that the Thai economy surged strongly in the final quarter of 2009. Instead of a projected contraction of three per cent for the year, he said it could be restricted to minus 2.8 per cent.

Exports were back in double-digit growth in November and December so the government has now set a target of 14 per cent growth for 2010.

The protests last year brought Bangkok airport to a standstill trapping many foreign tourists. But Abhisit said “In December we actually had a record high number of tourists coming to Thailand. 1.6 million.”

“We have projected this year’s (economic) growth at 3.5 per cent but we are now confident we can do better than that,” the prime minister said.

via Thai prime minister points to economic strength – Telegraph.

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Asia’s slow rate of vaccination is a thorn in the region’s economic recovery

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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%.

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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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