THE risk of recession in a handful of Asian economies is rising as higher prices spur central banks to accelerate the pace of their interest rate hikes, according to the latest Bloomberg survey of economists. Sri Lanka, which is in the midst of its worst economic crisis ever, has an 85 per cent probability of […]
Read MoreTHE Asean+3 Macroeconomic Research Office (Amro) has shaved down its short-term growth forecast and raised its 2022 inflation forecast for the Asean+3 region, reflecting stronger headwinds from the war in Ukraine and tighter global financial conditions. In its July quarterly update, Amro forecast that the Asean+3 region will grow by 4.3 per cent, down from […]
Read MoreTOKYO — Economists have raised 2022 growth forecasts for Indonesia, the Philippines and Thailand as they expect growth in the first half of the year to be higher than forecast, thanks to a relaxation of COVID restrictions. However, there are downward revisions to forecasts for the latter half of 2022 for each country due to […]
Read MoreMANILA, Philippines — The Philippines is expected to post the strongest economic growth in Southeast Asia this year as domestic demand continues to recover even amid rising inflationary pressures. GlobalData, a leading data and analytics company in the UK, said gross domestic product (GDP) in the country would likely grow seven percent this year from […]
Read MoreSince the RCEP came into effect, it has brought great benefits to enterprises, founded on the reduction of import costs and the increase of export opportunities after tariff reductions. Over 90% of goods traded will eventually become tariff-free Xinhua – On May 27, a cargo ship loaded with Malaysian manganese ore arrived at Beibu Gulf Port […]
Read MoreThe surge in the dollar has set Asian currencies on course for their worst quarter since 1997 and created a dilemma for central bankers. Policy makers already grappling with the fastest inflation in decades now face stark choices: forcefully raise borrowing costs to defend currencies and risk hurting growth, spend reserves that took years to […]
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Thailand
