Thailand’s rice output this year may drop by as much as 6% to 25.1 - 25.6 million tonnes due to impacts of the El Nino weather phenomenon, the Kasikorn Research Centre (KRC) forecast.
Thailand’s economy is expected to recover in 2022, growing 2.8-3.7 percent, depending mostly on the severity of the Omicron variant, according to Kasikorn Research Centre (K-Research).
Thailand’s research institutes have raised their growth projections for Thai exports after shipments recorded a high level in June thanks to the global economic recovery.
Kasikorn Research Centre, a think tank of Thailand, has lowered its forecast for the country's economic growth this year to 1 percent from a previous estimate of 1.8 percent as a prolonged wave of COVID-19 outbreaks has dampened growth outlook.
Thailand’s latest wave of COVID-19 since late March would affect people’s travel plans during the traditional New Year (Songkran) festival, and cost the local tourism industry around 10 billion THB in revenue in the second quarter of 2021, the Kasikorn Research Centre (K-Research) said on April 13.
The Kasikorn Research Centre (K-Research) has revised down its economic projection for Thailand to minus 6 percent from the previous minus 5 percent amid a highly uncertain global economy.
The baht of Thailand on January 30 depreciated to its lowest level in seven months at 31.17 per US dollar as investors are worried about the impact of the new coronavirus outbreak, according to Kasikorn Research Centre.
Thailand’s GDP growth forecast for 2020 has been set at 2.5-3 percent by Kasikorn Research Centre (K-Research) as compared to 2.8 percent growth seen this year.
Heavy floods in the northeastern region of Thailand have caused losses worth of 15.7 billion THB (0.47 billion USD), equivalent to 0.1 percent of the country’s gross domestic product (GDP), according to the Kasikorn Research Centre.
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