Showing 1 - 9 of 9
Can Thailand survive Trade War 2.0?
Oped, Kirida Bhaopcihitr, Published on 23/04/2025
» As the trade war is now being waged globally, Thailand needs to cope with the emerging impacts while trying to minimise the risks and grasp the arising opportunities. It is therefore important to understand both the upcoming headwinds and tailwinds for the Thai economy and businesses in Thailand.
2025: Year of uncertainties and risks
Oped, Kirida Bhaopichitr, Published on 15/01/2025
» The Year of the Snake will be a challenging one for most countries as it will be filled with uncertainties and risks as geopolitical tensions intensify and deglobalisation accelerates. With President Donald Trump resuming the US presidency, the rise of trade and technology wars will disrupt trade and growth in many countries. Moreover, the geopolitical tensions in several key world hotspots may heighten the chance of wars. Nevertheless, amid the economic challenges, there are opportunities for the relocation of investments, which can be achieved if Thailand proves ready for them.
Soft landing likely for this dragon year
Oped, Kirida Bhaopichitr & Kittiphat Buaubol, Published on 31/01/2024
» The Year of the Dragon brings with it the expectation that the direction of the global economy will be better than that of 2023. Despite earlier concerns about a sharp global economic downturn, recent developments suggest a soft landing for 2024.
Uncertainty ahead for Thai economy
News, Kirida Bhaopichitr, Published on 21/12/2022
» The Thai economy will face many headwinds but also tailwinds next year, mainly from the global economy and geopolitical tensions. In 2022, the Thai economy slowly recovered from the Covid pandemic as lockdowns ended and the economy was reopened to international travel.
Thai economy to see uptick in 2022
Oped, Kirida Bhaopichitr, Published on 12/01/2022
» The Thai economy will continue to recover from last year, but is yet to reach its pre-Covid level. In 2022, economic growth is expected to be 3.0-3.5%, against 0.8% last year and -6.1% in 2020. This growth rate, however, still does not put the Thai economy back to its value in 2019. The value of the Thai economy or its gross domestic product (GDP) is forecast to reach its 2019 level in 2023.
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.
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.
Economy faces headwinds next year
News, Kirida Bhaopichitr & Kittiphat Buaubol, Published on 12/12/2018
» The Thai economy is projected to grow 3.8% in 2019, slightly below this year's 4.2%. The main reason is slower growth in the global economy. This will lead to a deceleration in Thai exports and tourism, which will impact domestic consumption. However, foreign direct investment and government stimulus measures could prop up growth next year.
US-China trade war may benefit Thailand long term
News, Kirida Bhaopichitr & Punpreecha Bhuthong & Kittiphat Buaubol, Published on 27/06/2018
» As a small, open economy, Thailand stands to be affected by global economic developments. The recovery of the US economy, with higher interest rates and bond yield rates, has an impact on capital flows and the Thai baht exchange rate. The rise in global oil prices from geopolitical tensions pushes our petrol prices and other prices up, while the looming US-China trade war will have a definite effect on our performance while the changes in global farm prices are having an impact on Thai farmers' incomes.