THAILAND can accelerate its transition to a high-income nation by unlocking the full economic potential of its secondary cities, according to a new World Bank report titled “Thailand Cities of the Future: Urban Foundations for a High-Income Economy.” The report notes that Thailand’s economic growth is primarily driven by urban areas; approximately 89% of
Tag: WorldBank
Thailand ready to host IMF–World Bank Group annual meetings in October
THAILAND is fully ready to host the 2026 annual meetings of International Monetary Fund-World Bank Group in October with this being the second time the country is hosting this event which is termed as the Olympics of finance and economics and expected to attract over 15,000 participants, PPTVHD36 said today (Sep. 4). Back in
Read moreWorld Bank cuts Myanmar’s growth forecast to 1% as conflict worsens
By Reuters and published by CNA ECONOMIC growth in conflict-torn Myanmar will be around 1 percent for the 2024-2025 fiscal year, the World Bank said today (June 12), as escalating violence, labour shortages and a depreciating currency make it harder to do business. In December, the World Bank had projected Myanmar’s economy would grow
Read moreWorld Bank cuts Thai GDP growth outlook to 2.8% this year
By Reuters and published by CNA THAILAND’S economic growth is expected at 2.8 percent this year before accelerating to 3.0 percent in 2025, the World Bank said today (Apr. 1). The growth outlook for 2024 and 2025 was reduced from 3.2 percent and 3.1 percent respectively, as forecast in December. Southeast Asia’s second-largest economy
Read moreWorld Bank lowers Thailand’s economic outlook to 2.2%
THE World Bank has lowered its outlook on Thailand’s economic growth this year to 2.2%, while the country’s export sector is expected to grow at 7.3%, NNT said yesterday (July 15). In the Thailand Economic Monitor ‘The Road to Recovery’ released yesterday, the World Bank adjusted its outlook on Thailand’s economic growth this year to
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