The Bank of Thailand earlier predicted economic growth of 2.8% for 2020. You will get the updates within 24 hours. Forecast Summary in Monetary Policy Report - June 2020 % 2019* 2020 2021 GDP Growth ... For 2020 English version Q1/20 report: 7 May 2020 Q2/20 report: 5 Aug 2020 ... Forecasting Team, Economic and Policy Department Tel. Global Bot Services Market comprehensive analysis of the business models, key ways, and individual market shares of some of the most outstanding players during this landscape. You will get the updates within 24 hours. "The emergency policy rate cut on Friday was made to address liquidity strains, and accelerated debt restructuring for borrowers, especially households and small and medium-size enterprises (SMEs), must be urgently implemented to be meaningful, in the committee's view. 2020 GDP outlook downgraded to a 8.1% contraction The BoT sharply downgraded its forecast of Thailand’s full-year economic outlook to a 8.1% contraction, instead of 5.3% previously forecasted. According to the Bank of Thailand’s latest data release, Thailand’s GDP could contract by 5.3 per cent in 2020, a sharp lowering from its 2.8 per cent previous projections in December. "The government's emergency decree, especially to curtail people's movements, will help curtail new infections. published : The global economy was expected to slow down significantly in 2020 due to the COVID-19 outbreak 2020 (Dec 19) 2020 (Mar 20) Note: Professional forecasters (simple average of Citi, JP Morgan, Barclays and Nomura’s forecast) Euro Area China Japan 1.8 0.0 United States WORLD 1.1-1.9 5.8 2.7 0.3-1.3 2.9 0.7 3 of 8 By subscribing, you accept the terms and conditions in our Thank you for subscribing our enewsletter. "The MPC supports the government's measures, especially those targeted at helping affected groups. 26 Mar 2020 at 04:01 The Bank of Thailand on Wednesday forecast the economy to shrink by 5.3% this year, the first contraction since the 2008 global financial crisis, but stayed unchanged on the policy interest rate.The coronavirus pandemic is the major factor hurting economies worldwide and has taken a heavy toll on Thailand's tourism and exports this year, said Don Nakornthab, senior director for economics and policy at the central bank.The Bank of Thailand earlier predicted economic growth of 2.8% for 2020. "The 5.3% contraction forecast does not take into account monetary and fiscal … "The central bank will stand ready to use additional policy tools in an appropriate and timely manner," he said.HONG KONG: The democracy movement in Hong Kong was dealt another blow on Friday as authorities postponed local elections for a year because of the coronavirus, capping a devastating month of political disqualifications, arrests for social media posts and activists fleeing overseas.The Japanese carmaker Honda saw its car sales fall 36% in the first half this year but four of its models continued to top the popularity table in their respective categories.Consumers finally got to see what all the hype was about when the Apple retail store at CentralWorld opened on Friday, with 11 rounds of limited group visits fully booked at the iPhone maker's second official store in Thailand.
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