investment projects were postponed to 2019. As the momentum from the above mentions, the Bank of Thailand maintained Thailand economic growth forecast for 2018 at 4.4% (as of September 2018). However, the
in economic momentum, the Bank of Thailand revised down Thailand’s economic growth forecast for 2019 to 2.8% (as of September 2019); compared to previous projection at 3.3%. Moreover, the growth
forecast. Although short-term economic stimulation measures from the government benefited private expenditure, but could not make a positive change to the overall GDP. (Source: Bank of Thailand). Thailand’s
Thailand. The Bank of Thailand revised down the projection of overall economy for 2020 to contract 7.8% (as of September 2020) from the earlier forecast of 8.1%. But the fragile labor market, uncertain
previous year. The greatest negative impact was the coronavirus pandemic (COVID-19) that caused widespread economic disruption. The Bank of Thailand has lowered its GDP forecast for year 2020 from the
3.2 percent from the previous forecast of 3.3 percent due mainly to an anticipated slowdown in developing countries and emerging economies, in particular, China, India and ASEAN. The Federal Reserve and
costs such as SG&A, financing costs, and other costs. Thailand economic situation in 2020: the Bank of Thailand revised up its growth forecast for this year to 7.8% contraction, from its previous forecast
Economic Outlook of the International Monetary Fund for October 2019 cut this year’s global economic growth projection to 3.0 percent from the previous forecast of 3.2 percent. The figure is the lowest
lower domestic consumption. The forecast of economic slowdown indicates a potential impact on growth of power and steam sales to industrial clients in Map Ta Put, which may weaken. • The outlook of energy