SINGAPORE (ICIS) – Weak exports will continue to be a major drag on the Thai economy in the second half of this year, despite an expected recovery in domestic activity. According to Thailand’s National Council for Economic and Social Development (NESDC), exports in value terms are expected to fall by 10% in a full year, […]
The Thai economy has suffered its biggest annual economic contraction since the Asian financial crisis of 1997 due to the fallout from the coronavirus. Encourage the government to reduce its GDP forecasts for 2020 and announce more stimulus measures. Data from the state planning agency showed that a 100% drop in foreign tourism dealt the […]
Thailand’s economy contracted at an annual rate of 12.2% in the April-June quarter, its biggest decline since the Asian financial crisis of the late 1990s. The data reflects a deterioration in business activity, with the country virtually closed to international travel due to the coronavirus pandemic. The economy shrank 2% in the first quarter of […]