Thailand’s Economic Recovery Delayed By Covid-19 Outbreak
the rise in Covid-19 cases will likely deter tourist arrivals through Q221 and potentially delay plans to allow tourists into Phuket from July, with Thailand having only fully vaccinated 1.0% of its population as of May 13.
Krungthai Bank sees e-banking growth from gov’t COVID-19 measures
Most financial aid measures introduced by the government require users to make transactions via the Pao Tang mobile application, developed by Krungthai Bank, which is helping to push Thailand towards having a fully digital society.
EIC cuts Thai economic forecast for 2021 to 2.2% as the COVID-19 outbreak resurfaced
The recurring waves of the COVID-19 pandemic in various countries, including Thailand, will directly slow the pace of Thai economic recovery in 2021. As such, EIC revises the Thai GDP forecast down to 2.2%
Thai economy to grow 4% in 2021 following 6.5% decline in 2020
The World Bank is now expecting the Thai economy to see 4% growth this year, and a 4.7% growth in 2022, despite current challenges from the new wave of COVID-19 infections.
Kasikorn Research expects Thailand’s GDP to grow 2.6% in 2021
The Thai economy has been showing signs of recovery, thanks to the government’s many stimulus measures and Kasikorn Research Center has predicted that the 2021 GDP will grow 2.6% next year.
Thai private sector expects better economic recovery in Q4
The JSCCIB now expects the Thai economy in Q4, 2020 to continue recovering, with the annual performance this year expected to shrink to within the margin of -7 to -9 percent.
IMF inches up Thailand’s GDP forecast from -7.7% to -7.1%
The International Monetary Fund’s (IMF) has revised up Thailand’s economic outlook to a 7.1 percent contraction, from a 7.7 percent decline, due to the government’s measures to support the business sector.
