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Economic outlook Outlook Quarter 3/2023
SCB EIC downgraded Thailand’s 2023 growth forecast to 3.1% after lackluster outturns in Q2 and export contraction.
Pet Humanization seen as a major trend in Thailand
In Thailand, data from Euromonitor indicates that in 2019, approximately 34% of Thai households have dogs and cats, and this...
Domestic demand and tourism key drivers for CLMV economic recovery
SCB EIC expects stronger CLMV economic growth in 2023, despite a global economic slowdown, yet remains below its pre-pandemic potential...
Export growth better-than-expected in December 2020
Export growth better-than-expected in December 2020. However, amid the second wave of COVID-19 infections, exports could fall below previously forecasted...
EIC cuts Thai economic forecast for 2021 to 2.2% as the COVID-19 outbreak resurfaced
The recurring waves of the COVID-19 pandemic in various countries, including Thailand, will directly slow the pace of Thai economic...
COVID-19 increased global demand and export for medical gloves in Thailand and Malaysia
COVID-19 pandemic has generated high demand for medical gloves. Malaysia is globally the biggest producer of medical glove with production...
EIC Export growth forecast for 2019 is maintained at -2.5%
Without a clear signal of export recovery, EIC views that during the 4th quarter of 2019 the export contraction momentum...
How the spectrum price affects 5G development in Thailand?
A reasonable spectrum price is, therefore, a key concern for NBTC as it needs to balance between government benefits from...
Thailand’s economy grew at 2.3%YOY in 2019Q2, lowest in 19Q
Agricultural sector contracted by drought effect while industrial sector’s deteriorated following the export-related production.
Exports contracted by -2.1%YOY in June, or -8.7% without Gold
With the exception of military arms and weapons reshipment to the USA in February, Thai exports value has shrunk continuously...
