"Economy Forecast"

The Finance Ministry said on Monday that it has lowered Thailand’s growth forecast for 2022 to 3 to 4 per cent from its earlier 3.5 to 4.5 per cent prediction.

Thailand’s main economic engine, the service sector, has stalled due to Covid-19 and barriers to foreign investment, according to a three-year forecast of industry trends by Krungsri Research.

The International Monetary Fund on Tuesday maintained its 6 percent global growth forecast for 2021, upgrading its outlook for the United States and other wealthy economies but cutting estimates for developing countries struggling with surging COVID-19 infections.

The month-long partial lockdown in six provinces will cost Thailand at least 40 billion baht, according to analysis by Kasikorn Research Centre (KResearch).

Government and local industries have an urgent agenda to restructure industries in order to make them part of a new global supply chain driven by information and communications technology, environmental concerns and health consciousness, according to experts. 

Thailand’s gross domestic product (GDP) in the first quarter of this year contracted by 2.6 per cent because the third wave of Covid-19 infections has hurt the economy and tourism industry, the National Economic and Social Development Council (NESDC) said on Monday.

The Finance Ministry slashed its 2021 GDP growth forecast from 2.8 per cent to 2.3 per cent on Thursday, citing the impact of fresh Covid-19 outbreaks on the Thai economy.

BEIJING (AFP) - China's imports and exports slumped again in August, authorities said Tuesday, the latest setback for the world's number-one trader in goods, as European businesses urged authorities to accelerate reforms to avoid stagnation in the giant

THE INTERNATIONAL Monetary Fund expects the Singapore economy to grow by 2.9 per cent this year, the same pace as last year.

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) forecasts this year's economic growth at 3 per cent, down from an earlier estimate of 3.5 per cent, on lower-than-expected export value on the back of the slow global economic recove