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Economics

The Thai economy further contracted in April 2020 says Bank of Thailand – Thailand Business News

The tightening of COVID-19 containment measures in both Thailand and abroad temporarily disrupted several economic activities. The tourism sector substantially contracted due to Thailand’s...

Covid-19 Could Push Half A Billion People Into Poverty

Charity group Oxfam has warned that a recession caused by Covid-19 could push an extra half a billion people into poverty – 8 percent of the...

Thailand faces two-year recovery path to pre-pandemic levels

Thailand’s economy could take at least two years to return to pre-pandemic output, said World Bank economist Arvind Nair yesterday. Thailand was among the worst-hit...

Thai exports shrink 22.5 percent in May to a 4-year-low

The export sector reported a 22.5 percent shrinkage in May 2020 to a 4-year-low of 16 billion U.S. dollars, resulting from the COVID-19 pandemic...

The Impact of COVID-19 on Thailand’s economy

Thailand has been successful in stemming the tide of COVID-19 infections over the last three months, but the economy is expected to shrink significantly...

8.3 million Thai workers will lose employment or income in 2020 says World Bank

Thailand’s economy is expected to be impacted severely by the COVID-19 pandemic, shrinking by at least 5 percent in 2020 and taking more than...

Thailand Slumps to 29th Spot in World Competitiveness Rankings

Thailand fell four places from the 25th spot in 2019 to 29th in IMD’s world competitiveness rankings for 2020, dragged down by poor...

Developing Asia to Grow 0.1% in 2020, Thailand to shrink 6.5%

Developing Asia is expected to grow by 0.1% this year, the slowest rate since 1961, the Asian Development Bank said in a report on...

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