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Kitiphong Thaichareon

Thai finance ministry slashes 2020 GDP outlook to 8.5% contraction

30 Jul 2020

BANGKOK Thailand's finance ministry on Thursday slashed its 2020 economic forecast to a record 8.5% contraction in gross domestic product from the 2.8% growth it projected in January, due to the impacts of the coronavirus pandemic.

Thailand short-lists two candidates for post of c.bank governor

21 Jul 2020

* New governor faces tough task of reviving economy in crisis

UPDATE 1-Thai economic recovery slows but zero pct policy rate unlikely

14 Jul 2020

* C.bank sees economic activity at pre-COVID-19 levels in 2022

UPDATE 1-Thai 2020 domestic car sales could fall by 30-50% as virus hits demand

18 Jun 2020

* Overall production seen at 1.0-1.4 mln cars this year (Recasts, adds quotes, details)

Thai central bank cuts key rate to record low to ease virus-led downturn

20 May 2020

BANGKOK Thailand's central bank cut its benchmark interest rate for the third time this year to a record low as it expects a bigger annual contraction in Southeast Asia's second largest economy due to the fallout from the coronavirus pandemic.

UPDATE 2-Thai c.bank cuts key rate to record low to ease virus-led downturn

20 May 2020

* Committee votes 4-3 to cut rate by 25 bps to record low 0.50%

Thai economy slips into recession after worst quarter in eight years

18 May 2020

BANGKOK Thailand's economy contracted at its sharpest pace in eight years in the first quarter, pushing Southeast Asia's second largest economy into recession sooner than expected, as the coronavirius pandemic hit tourism and domestic activity.

Thai first-quarter GDP 'not good' as coronavirus hit; second quarter will be worse

08 May 2020

BANGKOK Thailand's economic performance in the first quarter was not good and this quarter will be worse as the Southeast Asian country faces the full impact of the coronavirus pandemic, the deputy prime minister said on Friday.

Thai business groups see GDP contracting 3%-5% this year

07 May 2020

BANGKOK Thailand's economy may shrink 3%-5% this year, sharply down from growth of 1.5%-2.0% projected in March, as the coronavirus pandemic hits global demand and domestic activity, a group of leading business associations in Thailand said on Thursday.

Thailand sees GDP, investment boost if joins CPTPP trade pact

27 Apr 2020

BANGKOK Thailand could expect a boost to its economic growth, investment and exports to help offset the negative impact of the new coronavirus pandemic if it participates in an Asia-Pacific trade agreement, the commerce ministry said on Monday.

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