The Fiscal Policy Office (FPO) of Thailand forecast this country’s economy will pick up next year at 4 percent as the pandemic situation is expected to improve and the country reopens on November 1.
Leading experts of Thailand are working on plans to foster investment and revenue from tourism once COVID-19 is brought under control, which will be proposed to the government next month.
Thailand’s Digital Economy Promotion Agency (DEPA) has set a goal to have 100 smart cities nationwide to improve the economy and quality of life in line with the 20-year national strategy plan.
Thailand’s exports are expected to drop 10 percent this year, deeper than the previous forecast of 8 percent, according to the Thai National Shippers' Council (TNSC).
The private sector of Thailand has called on the country’s Government to introduce economic stimulus packages to support economic growth in the remainder of 2019 amid growth slowdown, local media reported.
The Fiscal Policy Office (FPO) of the Thai Ministry of Finance forecast the country’s economic growth rate in 2018 at 4.2 percent and revised the growth last year up to 4 percent from the previous 3.8 percent.
The Fiscal Policy Office under the Ministry of Finance has revealed that Thailand's economy may expand by up to 4 percent this year, due to continuous economic recovery.
The Federation of Thai Capital Market Organisations (FETCO) has announced that the Investor Confidence Index (ICI) for January 2018 has increased as the Thai economy is starting recover.
The Fiscal Policy Office of Thailand has reported that the local economy in May 2016 significantly improved following the first increase in auto sales in 36 months at 8.3 percent.