SHOULD the government issue an emergency decree to borrow an additional 500 billion baht Thailand’s debt-to-GDP ratio would rise to 75 percent and thereby increasing fiscal risks, People’s MP for Bangkok Dr. Anusorn Tamajai said today (April 20). The government also has to guarantee an additional 150 billion baht for the Oil Fuel Fund
Tag: GDP
Business group slashes Thai GDP forecast over soaring energy prices
THE Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) today (April 1) cut its 2026 GDP forecast for Thailand to 1.2-1.6 percent, down from previous projection of 1.6-2.0 percent, citing soaring global energy prices brought on by the Middle East war, PPTVHD26 said. Mr. Kriengkrai Thianukul, chairman of this key committee, said the
Read more2026 GDP could drop to 1.2% of war drags on: KResearch
IN SLASHING its 2026 GDP forecast from 1.9 to just 1.2 percent should the Middle East war drag on and escalate Kasikorn Research Centre (KResearch) warned that Thailand also risks being hit by stagflation and a “Triple Deficit”, PPTVHD36 said yesterday (March 21). Mr. Burin Adulwattana, managing director and chief economist of KResearch, said
Read morePM calls special meeting as Thai GDP growth lags other Asean countries
By Naewna newspaper and Reuters – published by Msn.com PRIME MINISTER Srettha Thavisin who is currently overseas this morning (May 21) posted a message on X that he will be convening a meeting of ministers in charge of the economy on Monday May 27 after learning that Thai GDP growth in the first quarter
Read moreGDP forecast to rise 3.8% partly due to digital wallet campaign
By Thai Newsroom Reporters THAILAND’S GROSS DOMESTIC PRODUCT is forecast to rise 3.8% next year partly due to the Pheu Thai-initiated digital wallet campaign, the Bank of Thailand’s assistant governor Piti Disyatat said today (Nov.29). Without the much-heralded digital wallet project under which a sum of 500 billion baht will be spent up by
Read moreCovid crisis leads to NESDC slashing 2021 GDP growth forecast
THE National Economic and Social Development Council (NESDC) cut its projection of Thailand’s gross domestic product (GDP) growth in 2021 to 0.7-1.2%, from 1.5-2.5% previously estimated, as a result of the ongoing Covid-19 wave that began in April and led to a lockdown in 29 dark red provinces, Amarin TV said today (August 16). However,
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