IMF inches up Thailand’s GDP forecast from -7.7% to -7.1%
The International Monetary Fund (IMF) has adjusted Thailand’s GDP growth forecast, from -7.7% to -7.1% for 2020.According to Finance Minister Arkhom Termpittayapaisith, this...
Thai private sector expects better economic recovery in Q4
BANGKOK (NNT) – The Thai economy is receiving a boost from government aid measures and improved export sector performance.From this, the Joint Standing...
Fitch confirms Thailand’s rating at ‘BBB+’ with a Stable Outlook
Fitch Ratings – Hong Kong – 29 Oct 2020: Fitch Ratings has affirmed Thailand’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB+’ with a...
Pandemic “Triple Shock” Hitting East Asia and Pacific Economies
COVID-19 has delivered a triple shock to the developing East Asia and Pacific (EAP) region: the pandemic itself, the economic impact of containment measures,...
COVID-19 increased global demand and export for medical gloves in Thailand and Malaysia
As one of Thailand’s leading export products, rubber glove generated approximately USD 1,200 million per annum. COVID-19 global pandemic is Thailand’s golden opportunity for...
Thai exports fall 7.94% in August
Thai exports fell by 7.94 per cent to US$20.21 billion in August from a year earlier, the Commerce Ministry said on Wednesday, a smaller...
Consumer confidence in August up for four straight months
The University of the Thai Chamber of Commerce’s Center for Economic and Business Forecasting has reported that the country’s consumer confidence index in August...
Developing Asia’s Economy to Contract 0.7% in 2020 (ADB)
The Asian Development Outlook (ADO) 2020 Update forecasts -0.7% gross domestic product (GDP) growth for developing Asia this year—marking its first negative economic growth since the early 1960s. Growth will rally to 6.8% in 2021, in part because...
