Showing 1-4 of 4 results
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Thai economy to see uptick in 2022
Oped, Kirida Bhaopichitr, Published on 12/01/2022
» The Thai economy will continue its recovery from last year, but is yet to reach pre-Covid levels. However, the situation is a tad better from last year. In 2022, economic growth is expected to rise by 3.5-4.0%, against 0.8% last year and 1% in 2020. This growth rate, however, still does not put the Thai economy back to its 6.1% growth level in 2019. The value of the Thai economy or its gross domestic product (GDP) is forecast to reach its 2019 level in 2023.
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Thailand's economic outlook for 2021
Oped, Kirida Bhaopichitr, Published on 23/12/2020
» The Thai economy will grow next year after contracting by almost 10% this year. Next year, the Thai economy is expected to expand 3 to 4% from this year. It will not be until the end of 2022 before the Thai economy returns to its pre-Covid level of 2019. However, if there is another wave of Covid-19 in Thailand, or if effective vaccines are delayed, the recovery could be slower than anticipated.
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Thai economy's rocky road in 2020
News, Kirida Bhaopichitr, Published on 25/12/2019
» The Thai economy will continue to grow slowly in 2020, albeit slightly faster than this year. It is projected to expand at 2.5-3.0%, compared with 2.5% in 2019, in line with faster growth in the global economy next year. The Thai economy's main drivers in 2020 will be recoveries in export volumes and tourism, and greater government spending. Moreover, relocation of investment from China to Thailand as a result of the US-Sino trade war will be more evident in 2020. However the trade war will continue to pose serious downside risks as its affects on trade, the Chinese economy, and investor confidence persist.
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What the TPP pact means for Thailand
News, Kirida Bhaopichitr, Published on 25/11/2015
» The Trans-Pacific Partnership (TPP) is a trade agreement among 12 countries led by the US, along with Canada, Mexico, Peru, Chile, Australia and New Zealand.
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