The business sector has revised up the growth outlook for Thai exports this year to 2-3.5% amid the global economic recovery that has helped boost demand, says the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB). The revision, up from an earlier forecast of 1-3%, is based on expected GDP growth of 3.5-4%, said […]
Read MoreConsumer prices, which gauge the country’s inflation rate, rose for a 13th straight month in April, albeit at a slower pace, boosted largely by higher oil and finished food prices. The Commerce Ministry said the consumer price index (CPI), based on 422 products and services, rose 0.38% last month year-on-year but eased from 0.76% in […]
Read MoreExports are expected to grow 5% in April-June over the same quarter last year, maintaining the first three months’ pace, as buyers continue to build up inventory, the National Shippers’ Council said on Wednesday. But export gains may slow in the second half of the year if Thailand is affected by US trade protectionist measures, […]
Read MoreIt’s hard to define a country’s economic prospects in a single word. However, in the case of Thailand, it really has boiled down to that. Over the past few years the word most often associated with the country has been “uncertainty”, not least because of the change in the government and the illness and passing […]
Read MoreAnnual headline consumer prices rose less than expected in April, Commerce Ministry data showed on Monday, giving policymakers room to keep monetary policy loose to aid economic recovery. Headline consumer prices rose for a 13th straight month in April, up 0.38% from a year earlier, its slowest pace in six months, compared with the 0.71% […]
Read MoreThe Fiscal Policy Office (FPO) has raised its 2017 export growth forecast to 3.3% but is maintaining its economic growth projection at 3.6%. The upward revision of its 2017 export growth forecast from 2.5% predicted in January should have minimal effect on the overall economic growth estimate, said director-general Krisada Chinavicharana. The 160-billion-baht mid-year budget […]
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Thailand
