Business

Kiatnakin Bank warns of economic slump as lockdown will likely drag on

KIATNAKIN Bank’s latest analysis projects that the current coronavirus lockdown could last at least three months leading to another year of economic contraction with GDP for 2021 likely to slide from projected 1.5% to only 0.5%, Amarin TV said today (July 27). As the lockdown will likely stretch for three months or more before the

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Business

Finance Minister says expected 2.8% growth not satisfactory

By Reuters Staff, published by Todayonline.com THAILAND’S economy may grow 2.8% this year but is still not satisfactory, but fiscal measures will continue to support economic recovery as tourism remains weak, the country’s finance minister said today (March 3) Southeast Asia’s second-largest economy, which is heavily reliant on tourism and exports, contracted 6.1% last year,

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Business

UK economy in record slump due to coronavirus

By Elliot Smith, CNBC THE UK posted the biggest monthly fall in GDP (gross domestic product) on record in April, according to the Office for National Statistics. GDP fell by 20.4% compared to the previous month, a sharper contraction than the 18.4% expected by analysts polled by Reuters. This represented a 24.5% decline from April

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