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Thailand’s Development Story: Getting Back on Track

Thailand has made tremendous progress over the last 50 years. Journey with us as we explore Thailand’s development story and how Thailand can lower inequality, ensure better lives for poor people and revive growth

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Thailand has made tremendous progress over the last 50 years. Journey with us as we explore Thailand’s development story and how Thailand can lower inequality, ensure better lives for poor people and revive growth. What kind of future do you see for Thailand?

 

Source: Thailand’s Development Story: Getting Back on Track

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.

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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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