Browsing Tag

Thailand growth

19 posts
d684cf38 bangkok showers cinema

Thai growth forecasted at 2.8%, Asia Sails into persistent Headwinds (IMF)

Asia Sails into Headwinds from Rate Hikes, War, and China Slowdown with growth forecasts lowered for this year and 2023, while inflation exceeds central bank targets in most countries
ccb15f34 tat announces songkran 2022 festivities in new normal

Thailand Cuts 2022 GDP Outlook to 3.5% Over Russia-Ukraine War

The tourism-dependent country is on track to receive 6.1 million foreign visitors this year, but below the 7 million projected earlier due partly to the impact of China’s travel restrictions and the Ukraine conflict on Russian tourist numbers.
72334e0a russian tourist

Sanctions against Russia should not derail Thailand’s economic recovery says BoT

The effects of sanctions against Russia should not derail the overall economic recovery path said the Bank of Thailand in its latest issue of the minutes of the Monetary Policy Committee Meeting.
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Omicron key risk to Thailand’s economic recovery

The Omicron outbreak could have more widespread, severe, and prolonged effects than the baseline projection, depending on the severity of the situation and the strictness of containment measures.
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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.
Export growth better-than-expected in December 2020. However, amid the second wave of COVID-19 infections, exports could fall below previously forecasted levels in 2021.

Finance Ministry Reduces 2021 Growth Forecast to 2.3%

Fiscal Policy Office (FPO) Director-General Kulaya Tantitemit said the ministry slashed its forecast for the number of foreign tourists to only 2 million this year from 5 million it had predicted three months ago.
Crowded downtown area in Bangkok

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.
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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.