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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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Economy to continue upturn in 2018
News, Kirida Bhaopichitr, Published on 08/11/2017
» The Thai economy this year is poised to grow close to 4%, the highest rate since 2012. There are three main reasons for growth this year: a recovery in exports, continued robust growth in tourism, and high farm incomes in the first half of the year.
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