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Thailand: NESDC predicts 5-6% contraction

The state planning unit, the National Economic and Social Development Council (NESDC), has cut its economic forecast to a contraction of 5-6% this year, down from the 1.5-2.5% growth projection made on Feb 17. The agency cited a raft of negative factors, including the severe downturn of the global economy and merchandise trade, a sharp […]

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Fully paid since 2006, Philippines shuns IMF loan during pandemic

MANILA, Philippines — The Philippines sees no need to borrow from the International Monetary Fund (IMF) to address potential liquidity gaps triggered by the coronavirus disease-2019 (COVID-19) outbreak, the Bangko Sentral ng Pilipinas (BSP) said on Tuesday. “BSP sees no apparent and immediate need to avail of IMF’s short-term liquidity line (SLL),” BSP Governor Benjamin […]

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