Household debts exert pressure on Thai economy World

Household debts exert pressure on Thai economy

With a debt mountain of 12.17 trillion THB (372 billion USD), or 77.6 percent of the national GDP at the end of March, Thai households are among the biggest borrowers in Asia, and they find it difficult to keep up with payments.
Thai economy in Q3 grows faster than forecast ASEAN

Thai economy in Q3 grows faster than forecast

Thailand’s economy grew faster in the third quarter of 2015 than previous forecasts thanks to the government’s economic stimulus package and higher-than-expected number of inbound tourists.
Gloomy outlook for Thailand’s economy ASEAN

Gloomy outlook for Thailand’s economy

Thailand’s National Economic and Social Development Board (NESDB) has lowered the country’s predicted economic growth rate for this year to 2.7-3.2 percent from the previous 3-4 percent.
Thailand faces weakest economic growth in 3 years World

Thailand faces weakest economic growth in 3 years

Thailand’s economy experienced the lowest growth in three years in 2014 due to a political turmoil and the fall in global agricultural prices, according to the National Economic and Social Development Board of Thailand.
ASEAN

Unemployment rate in Thailand expected to decrease

The unemployment rate in Thailand is expected to fall in the second half of this year as the economy is likely to pick up, according to the National Economic and Social Development Board (NESDB)
World

Thai legislature passes 2015 budget bill

Thailand's National Legislative Assembly (NLA) approved a budget worth 2.57 trillion THB (81 billion USD) for the 2015 fiscal year during its meeting on August 18.
Thai economy needs urgent stimulus measures World

Thai economy needs urgent stimulus measures

The Thai economy requires urgent stimulus measures after its growth declining in two consecutive quarters, the Fiscal Policy Office (FPO) of the Thai Financial Ministry stated on August 21.
World

Thai GDP growth in 2013 lowered to 3.8-4.3 pct

The Thai National Economic and Social Development Board (NESDB) has revised the country’s GDP growth forecast in 2013 down to 3.8-4.3 percent from 4.2-5.2 percent due to sluggish exports and decreasing household spending.