Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

Thailand’s Q2 economic recovery slows, full-year 2023 growth forecast revised

Featured Replies

image.jpeg
 

Thailand’s second quarter of 2023 saw a slowdown in economic recovery, with GDP growth falling from 2.6% year-on-year in the first quarter to 1.8%, as reported by the National Economic and Social Development Council on August 21. The figures fell significantly short of consensus estimates of 3.1% and growth projections of 2.9%. The economy’s quarter-on-quarter growth was a mere 0.2%, once seasonally adjusted.

 

As a result of these underwhelming growth figures and ongoing economic challenges, BMI – a Fitch Solutions company – has revised its full-year growth forecast for this year, dropping from 3.0% to 2.8%. This falls below both consensus expectations of 3.6% and the average of 3.6% for 2010-19.

 

A closer look at the most recent figures reveals several weak points in the economy. Government consumption saw a 4.3% annualised contraction in the second quarter, largely due to extended political uncertainty after the May general elections. Restricted credit conditions and declining investor sentiment have also negatively impacted investment growth, which plunged from 3.1% year-on-year in the first quarter to 0.4% in the second.


Full story: https://thethaiger.com/news/business/thailands-q2-economic-recovery-slows-full-year-2023-growth-forecast-revised

 

by Alex Morgan

TOP: Lawmakers gather during a debate before a vote to select a new prime minister at the Parliament in Bangkok, Thailand Tuesday, Aug. 22. (AP Photo/Sakchai Lalit)

 

-- The Thaiger 2023-08-29

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Get our Daily Newsletter - Click HERE to subscribe

I love the way these people keep dropping the forecast right up until the last day of the year just so they can say they got it right !

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.