WASHINGTON (Reuters) – The International Monetary Fund on Jan 26 raised its forecast for global economic growth in 2021 and said the coronavirus-triggered downturn last year would be nearly a full percentage point less severe than expected. It said multiple vaccine approvals and the launch of vaccinations in some countries in December had boosted hopes
Tag: economy
PM confident economy is recovering, welcomes Bloomberg boost
PRIME Minister Prayut Chan-o-cha is pleased that Thailand topped a Bloomberg study of 17 developing markets gauging their outlook for 2021 pointing out that this is a result of various economic stimulus measures and will boost confidence in trade and investment in the new year, Siam Rath newspaper reported today (Dec. 21). The Bloomberg report,
Read moreKrabi shop puts up sign: ‘discounts until Prayut resigns’
BEING widely shared on the Thai social media today (Nov. 19) are photos of a garment and souvenir shop in Krabi province which put up a large sign at the entrance that says, “Mocking discount against Prime Minister! Discount! Until Prayut Chan-o-cha resign!” Sanook.com reported. The post elicited a lot of comments and was widely
Read morePridi: Government not broke, situation manageable
NEW Finance Minister Pridi Daochai said today (August 17) after delivering his policy to ministry officials that the government is not broke and additional economic recovery measures will definitely be implemented, INN News said. The new minister pointed out that the entire world economy is in a decline as a result of the Covid-19 pandemic
Read moreUK 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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