Thailand economy

Economy of Thailand: Analysts Expect Continued Growth in Southeast Asia

Travelers around the world know that each country’s economy is unique and typically represents the quality of life present at any given time. Of course, economic growth is usually determined by the activities of a country’s population. But with international trade and tourism functioning as key elements in the world, we can see that there […]

Thailand economy

The BoT announces that the Thai economy will shrink by 5.3% in 2020

Due to the coronavirus (COVID-19) epidemic, Thailand’s economy will contract significantly in 2020 and headline inflation will turn negative, the Bank of Thailand said in a press release. According to the latest data released by the Bank of Thailand, Thailand’s GDP could contract 5.3% in 2020, a sharp drop from its previous projections of 2.8% […]