Thailand’s economic growth forecast revised down World

Thailand’s economic growth forecast revised down

The Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) of Thailand has decided to lower the national economic growth forecast for the year to 0 - 1.5 percent from the earlier projection of 0.5 - 2.0 percent, due to a prolonged third wave of COVID-19 infections.
Indonesia lowers economic growth forecast for 2021 World

Indonesia lowers economic growth forecast for 2021

The Indonesian government has slashed the country’s growth projection in 2021 to 3.7 - 4.5 percent from the earlier prediction of 4.5-5.3 percent, given the serious impact of the latest wave of COVID-19 caused by the Delta variant and recent restrictions imposed in the two islands of Java and Bali.
Thailand's economy affected by third wave of COVID-19 World

Thailand's economy affected by third wave of COVID-19

Thailand’s GDP growth may dive to 1.6 percent if the government fails to stimulate its economy reeling from the third wave of COVID-19 infections, according to the University of the Thai Chamber of Commerce (UTCC).
NESDC: Thai economy posts highest contraction since 1998  World

NESDC: Thai economy posts highest contraction since 1998

The State planning agency National Economic and Social Development Council (NESDC) of Thailand said on February 15 that the country’s gross domestic product (GDP) shrank 6.1 percent in 2020 due to the wide spread of COVID-19 pandemic, the highest contraction in the past more than two decades.
WB lowers Malaysia’s 2020 growth forecast to -4.9 pct ASEAN

WB lowers Malaysia’s 2020 growth forecast to -4.9 pct

The World Bank (WB) has revised down Malaysia’s economic growth forecast this year to a contraction of 4.9 percent, from an early estimate of minus 3.1 percent, following a sharper than expected contraction in the second quarter of 2020.