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Economic Analysis

17 Apr 2024

International Economy

China’s economy grew more than expected at 5.3% YoY in 1Q24, driven by the high-tech industry; full-year growth for 2024 projected at 4.5% YoY (Business Brief No.4054)

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11 Apr 2024

Thai Economy

Government move to gradually reduce energy subsidies could cause Thai inflation to return positive in 2Q24 (Business Brief No.4052)

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5 Apr 2024

Thai Economy

KR-ECI remains static for the third consecutive month in March 2024 amid growing concern about energy costs

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5 Apr 2024

Thai Economy

Inflation in March 2024 remained negative for the sixth consecutive month, but it is expected to turn positive in May (Business Brief No.4053)

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2 Apr 2024

Thai Economy

Although household debt in 2024 may have slowed down, the household debt-to- GDP ratio is projected to remain high at 90.7% (Current Issue No.3479)

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1 Apr 2024

International Economy

ASEAN-China Economic Update, April 2024 (Business Brief No.4051)

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29 Mar 2024

Thai Economy

A minimum wage hike to THB 400 per day in 10 major tourism cities to affect hotels’ operating costs (Current Issue No.3478)

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29 Mar 2024

International Economy

Vietnam’s economy in 1Q24 grew at a slower rate of 5.66% YoY, with full-year growth projected at 5.8-6.0%, driven primarily by exports (Business Brief No.4050)

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26 Mar 2024

Thai Economy

Thai exports grew for the seventh consecutive month of 3.6% YoY in February 2024, supported chiefly by gold shipments (Business Brief No.4049)

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22 Mar 2024

Thai Economy

Thailand's widening trade deficit with China reflects structural problems in Thai exports (Business Brief No.4048)

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22 Mar 2024

Thai Economy

Clean air law…hope for reducing PM2.5 (Current Issue No.3474)

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21 Mar 2024

International Economy

Policy directions of the new Indonesian President to commence in October 2024 (Current Issue No.3473)

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21 Mar 2024

International Economy

The resignation of Vietnam’s President is expected to have no significant impact on Vietnam’s long-term fundamentals and economic growth (Business Brief No.4047)

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19 Mar 2024

International Economy

The Bank of Japan has raised interest rates for the first time in 17 years to 0-0.1% and abandoned its yield curve control (Business Brief No.4046)

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15 Mar 2024

International Economy

FOMC Meeting, March 19-20, 2024: Fed likely to hold its policy rate steady and signal three rate cuts this year (Business Brief No.4045 Full Ed.)

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14 Mar 2024

International Economy

China keeps its 2024 economic growth target unchanged from the previous year at its annual plenary sessions, known as the “Two Sessions” (Business Brief No.4044)

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13 Mar 2024

Thai Economy

Reinventing Thailand’s Growth Model (Press Conference 13 March 2024)

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11 Mar 2024

International Economy

China’s inflation in February 2024 turned positive for the first time in six months (Business Brief No.4043 Full Ed.)

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6 Mar 2024

Thai Economy

The KR-ECI in February 2024 remained static for two straight months, but households were still concerned about debts

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5 Mar 2024

Thai Economy

Thailand’s cross-border and transit trade with China – its No.1 export market – to reach roughly THB 250 billion in 2024, expanding 17% YoY (Current Issue No.3463)

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5 Mar 2024

International Economy

China sets its 2024 GDP growth target at 5% while keeping its 3% fiscal deficit unchanged at the NPC and CPPCC sessions (Business Brief No.4041)

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5 Mar 2024

Thai Economy

Inflation in February 2024 remained negative for the fifth consecutive month, but it is expected to turn positive in 2Q24 (Business Brief No.4042)

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5 Mar 2024

International Economy

ASEAN-China Economic Update, March 2024 (Business Brief No.4040)

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29 Feb 2024

International Economy

China cuts five-year LPR by most on record, reflecting concerns over its troubled property sector (Business Brief No.4038)

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23 Feb 2024

Thai Economy

Thai exports grew for six straight months at 10.0 percent YoY in January despite the Red Sea conflict (Business Brief No.4039)

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20 Feb 2024

Thai Economy

Thai economy grew less than expected at 1.9 percent YoY in 2023; KResearch downwardly revises its Thai economic growth forecast for 2024 to 2.6 percent, from its previous estimate of 3.1 percent (Business Brief No.4037)

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14 Feb 2024

International Economy

Although the overall FDI inflow into ASEAN declined in 2023, FDI in the industrial sector of Indonesia and Vietnam has continued to increase. (Business Brief No.4035)

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7 Feb 2024

Thai Economy

Sustainable finance is expected to continue growing in 2024, driven by proliferating global standards (Current Issue No.3456)

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6 Feb 2024

Thai Economy

KR-ECI for January 2024 remained unchanged at 38.8 while households started to be worried about energy bills, and the 3-month Expected KR-ECI was still at 40.5

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5 Feb 2024

Thai Economy

Businesses facing labor shortages as Thailand transitions into a super-aged society (Current Issue No.3453)

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5 Feb 2024

Thai Economy

Thailand sees negative inflation for fourth consecutive month in January 2024 but has not yet fallen into deflation (Business Brief No.4034 Full Ed.)

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5 Feb 2024

Thai Economy

Four challenging trends for the Thai economy and business, at risk of slower growth if adjustments are not expedited (Current Issue No.3454)

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31 Jan 2024

Thai Economy

Chinese New Year 2024: Spending by Bangkok residents projected to increase about 1.5 percent YoY (Current Issue No.3451)

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30 Jan 2024

International Economy

Fed is expected to keep its policy rate steady at 5.25-5.50% before hiking the rate 3-4 times during 2024 (Business Brief No.4032)

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26 Jan 2024

Thai Economy

Thai exports contracted by 1.0 percent YoY in 2023, though the fourth quarter saw a boost from the recovery of industrial product exports (Business Brief No.4031 Full Ed.)

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17 Jan 2024

International Economy

China’s economy reached its growth target, expanding by 5.2 percent in 2023 amid pressure from the property sector and geopolitical tensions (Business Brief No.4030)

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8 Jan 2024

Thai Economy

KR-ECI fell slightly in December 2023 as households incurred more expenditures during the year-end festive season

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8 Dec 2023

International Economy

FOMC Meeting, December 12-13, 2023: Fed likely to hold its policy rate steady at 5.25-5.50 percent (Business Brief No.4028)

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7 Dec 2023

Thai Economy

KR-ECI increased for the third consecutive month in November 2023, thanks to the government measures

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1 Dec 2023

Thai Economy

NCB’s data shows micro and super micro businesses remain a concern as they have yet to benefit from the economic recovery (Current Issue No.3445)

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29 Nov 2023

Thai Economy

KResearch views that informal debt is a complex issue affecting social aspects, quality of life, and household economy(Business Brief No.4027)

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28 Nov 2023

Thai Economy

KResearch projects that Thai exports for 2023 will outperform its previous forecast of a 2.5-percent decline; exports now expected to drop by 1.5-1.0 percent (Business Brief No.4026)

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21 Nov 2023

Thai Economy

Thai economy grew less than expected at 1.5 percent YoY in 3Q23 KResearch revises its 2023 growth forecast for the Thai economy down to 2.5 percent (Business Brief No.4024)

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3 Nov 2023

Thai Economy

KR-ECI in October 2023 improved for the second consecutive month, driven by ongoing government measures

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30 Oct 2023

International Economy

Fed is expected to hold its policy rate steady at 5.25-5.50 percent at the FOMC meeting on October 31 - November 1, 2023 (Business Brief No.4023 Full Ed.)

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25 Oct 2023

Thai Economy

Thai exports in September 2023 grew for the second consecutive month at 2.1% YoY, but close attention must be paid to the increased geopolitical risk to the global economy (Business Brief No.4022 Full Ed.)

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19 Oct 2023

International Economy

China’s economy is expected to grow close to its government’s target of 5 percent in 2023 (Business Brief No.4021 Full Ed.)

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12 Oct 2023

International Economy

Vietnam’s economy projected to grow 4.8-5.0% in 2023, lower than its government’s target of 6.0% (Business Brief No.4020)

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10 Oct 2023

Thai Economy

Bangkokians’ spending on Kin Jae to grow by 3.5 percent in 2023, due in part to rising prices of Jae food compared to the previous year (Current Issue No.3438)

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4 Oct 2023

Thai Economy

KR-ECI improved in September 2023, driven by the new government’s measures aimed at easing the cost of living

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2 Oct 2023

Thai Economy

Thriving forest carbon credit market is set to help support the journey towards net zero (Current Issue No.3436 Full Ed.)

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27 Sep 2023

Thai Economy

Thai exports grew by 2.6 percent YoY in August 2023, the first uptick in 11 months, while numerous challenges – such as the global economic slowdown and drought – will persist for the remainder of the year (Business Brief No.4019 Full Ed.)

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21 Sep 2023

Thai Economy

Fed’s stance, Yuan’s movements and specific factors in Thailand may affect the Baht’s directions during the remainder of 2023 (Business Brief No.4017 Full Ed.)

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18 Sep 2023

International Economy

Fed is expected to hold its policy rate steady at 5.25-5.50 percent at the FOMC meeting on September 19-20, 2023 (Business Brief No.4016 Full Ed.)

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13 Sep 2023

Thai Economy

Financial sector can help the silver age prepare for a more stable life (Current Issue No.3432 Full Ed.)

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5 Sep 2023

Thai Economy

KR-ECI was stable in August 2023 amid uncertainties surrounding the Thai economy Clarity on the government’s formation may lead to an improved outlook towards the economy and household livelihoods going forward

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29 Aug 2023

International Economy

BRICS pursues a bigger role in the global arena, drawing interest from emerging economies amid intensified geopolitical tensions (Current Issue No.3430 Full Ed.)

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25 Aug 2023

Thai Economy

Slowing global economy further pressured Thai exports to contract faster at 6.2% YoY in July 2023 (Business Brief No.4015 Full Ed.)

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21 Aug 2023

Thai Economy

Thai economy grew less than expected at 1.8 percent YoY in 2Q23 Full-year growth for 2023 is expected to be in a range of 3.0-3.5 percent (Business Brief No.4014 Full Ed.)

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3 Aug 2023

Thai Economy

KR-ECI improved in July 2023; Thai households’ decreased concerns were reflected across all components of KR-ECI amid Thailand’s economic recovery. Meanwhile, 3-month Expected KR-ECI remained steady amid persistently high uncertainties.

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26 Jul 2023

Thai Economy

Thai exports contracted by 5.4 percent YoY in 1H23 amid global economic slowdown; other challenging factors such as weather conditions may exert additional pressure going forward (Business Brief No.4012)

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24 Jul 2023

International Economy

FOMC meeting, July 25-26, 2023: Policy rate likely be raised by 0.25% (Business Brief No.4011)

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18 Jul 2023

International Economy

The Chinese economy grew less than expected in 2Q23; full-year growth for 2023 is expected to reach 5.2 percent YoY (Business Brief No.4010)

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6 Jul 2023

Thai Economy

KR-ECI remained stable in June 2023; Thai households were less concerned about product prices and expenses but were more worried about income and savings

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4 Jul 2023

Thai Economy

Household debt, 1Q23: Declining to 90.6% of GDP, but Thailand must accelerate the implementation of sustainable measures to reduce household debt (Current Issue No.3419 Full Ed.)

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27 Jun 2023

Thai Economy

Thai exports continued to shrink in May 2023, but at a slower pace of 4.6% YoY, supported chiefly by exports of industrial products amid limited benefit from Chinese economic recovery (Business Brief No.4009)

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21 Jun 2023

Thai Economy

Environmental issues that the new government must urgently push forward (Business Brief No.4008 Full Ed.)

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12 Jun 2023

Thai Economy

KR-ECI was static in May 2023 after declining for two consecutive months; Thai households were less concerned about expenses and product prices but were more worried about income

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9 Jun 2023

International Economy

FOMC meeting, June 13-14, 2023: Fed officials may not be unanimous in holding the policy rate at 5.00-5.25% (Business Brief No.4007)

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30 May 2023

Thai Economy

Anemic global economy pressured Thai exports to contract further at 7.6% YoY in April….International trade will present another important challenge for the new government (Business Brief No.4006 Full Ed.)

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29 May 2023

Thai Economy

Bolstering labor productivity at a faster rate than the increase in minimum wage rate may be an appropriate approach (Business Brief No.4005 Full Ed.)

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29 May 2023

International Economy

The recent G7 summit focused on intensified geopolitical conflicts (Current Issue No.3413)

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15 May 2023

Thai Economy

Thai economy grew 2.7% YoY in 1Q23 as expected (Business Brief No.4002 Full Ed.)

Tourism will continue to be a key economic driver ahead despite the risk of global economic slowdown and uncertainty towards the formation of a new Thai government. KResearch maintains its growth forecast for the Thai economy in 2023 at 3.7%. ... Read more

15 May 2023

Thai Economy

Short- to medium-term economic challenges await the new government (Business Brief No.4003)

Implementation of new economic policies promoted in election campaigns would have positive short-term impact on GDP growth, while leading to the challenge of an increased fiscal burden.... Read more

10 May 2023

Thai Economy

KR-ECI hit a five-month low in April 2023 amid the high cost of living (Full Ed.)

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9 May 2023

Thai Economy

Parents set to incur a 5 percent rise or roughly THB28.5 billion in their children’s educational expenses during the 2023 school year while the government is being urged to implement a clearer and more practical education policy (Current Issue No.3407)

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1 May 2023

International Economy

FOMC meeting, May 2-3, 2023: Fed Funds rate likely raised to 5.25% (Business Brief No.4001 Full Ed.)

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26 Apr 2023

Thai Economy

Extremely hot weather…contributes to rising household expenses (Current Issue No.3404)

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26 Apr 2023

Thai Economy

Thai exports contracted 4.5% YoY in 1Q23, pressured by the slowing global economy and the high base of 2022 (Business Brief No.4000 Full Ed.)

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19 Apr 2023

International Economy

China’s end to zero-COVID policy supports its 1Q23 GDP to grow 4.5 %YoY (Business Brief No.3999 Full Ed.)

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11 Apr 2023

Thai Economy

Fiscal measure via funds transfer (Business Brief No.3998)

Fiscal measure via funds transfer... Read more

10 Apr 2023

Thai Economy

KR-ECI fell in March 2023; Thai households were more concerned about their debt burden

KR-ECI fell in March 2023; Thai households were more concerned about their debt burden ... Read more

7 Apr 2023

Thai Economy

Thailand’s looming super-aged society presents a formidable challenge for business sector and new government (Current Issue No.3398 Full Ed.)

Thailand’s looming super-aged society presents a formidable challenge for business sector and new government... Read more

3 Apr 2023

Thai Economy

Songkran 2023 celebrations to resume after three quiet years; Thai tourists expected to make more than 5.1 million domestic trips (Current Issue No.3396)

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30 Mar 2023

Thai Economy

Thai exports in 2023 may see a deeper contraction of 1.2 percent, affected by the global economic slowdown (Business Brief No.3996 Full Ed.)

Thai exports in 2023 may see a deeper contraction of 1.2 percent, affected by the global economic slowdown... Read more

20 Mar 2023

International Economy

The FOMC meeting on March 21-22, 2023…The Fed is set to raise its policy rate by 0.25 percent The Fed is also expected to signal the recent US bank collapses will not cause broader systemic woes (Business Brief No.3994)

The FOMC meeting on March 21-22, 2023…The Fed is set to raise its policy rate by 0.25 percent The Fed is also expected to signal the recent US bank collapses will not cause broader systemic woes... Read more

14 Mar 2023

International Economy

Measures to cope with US bank failures…Why they are not called bank bailouts? (Current Issue No.3388)

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13 Mar 2023

International Economy

The collapse of banks in the US has limited impact on Thailand. However, further developments merit close watch (Current Issue No.3385)

The collapse of banks in the US has limited impact on Thailand. However, further developments merit close watch... Read more

2 Mar 2023

Thai Economy

Thai exports contracted for the fourth consecutive month in January 2023, by 4.5 percent YoY, due to ongoing pressure from the global economic slowdown (Business Brief No.3993)

Thai exports contracted for the fourth consecutive month in January 2023, by 4.5 percent YoY, due to ongoing pressure from the global economic slowdown ... Read more

20 Feb 2023

Thai Economy

Thai economy grew less than expected in 4Q22. KResearch, however, maintains our 2023 growth forecast for the Thai economy at 3.7% (Business Brief No.3992)

Thai economy grew less than expected in 4Q22. KResearch, however, maintains our 2023 growth forecast for the Thai economy at 3.7%, supported chiefly by tourism even as Thai exports will likely be pressured by the slowing global economy... Read more

13 Feb 2023

Thai Economy

KR-ECI in January 2023 improved, driven by the Thai economic recovery, with Thai households’ improved perception towards income and employment

KR-ECI in January 2023 improved, driven by the Thai economic recovery, with Thai households’ improved perception towards income and employment. However, households minimized spending, such as refraining from buying luxury items and reducing energy consumption, amid high cost of living... Read more

27 Jan 2023

International Economy

First FOMC meeting of 2023, January 31 – February 1. Fed may slow its policy rate hike by 0.25% amid easing inflation. However, future US policy rate will chiefly hinge on inflation and other economic data (Business Brief No.3991)

First FOMC meeting of 2023, January 31 – February 1. Fed may slow its policy rate hike by 0.25% amid easing inflation. However, future US policy rate will chiefly hinge on inflation and other economic data ... Read more

25 Jan 2023

Thai Economy

Alternatives for the business sector to consider in addressing ESG issues (Business Brief No.3990)

Alternatives for the business sector to consider in addressing ESG issues... Read more

20 Jan 2023

Thai Economy

Challenges related to ESG that businesses should watch out for in 2023 (Current Issue No.3382)

In 2023, countries around the world are grappling with economic uncertainty and stagnation, which may in turn affect sustainability or ESG operations of the business sector. ... Read more

17 Jan 2023

International Economy

China’s zero-COVID policy led to its economic growth of only 3.0 percent in 2022, the lowest in more than five decades (Business Brief No.3987)

China’s zero-COVID policy led to its economic growth of only 3.0 percent in 2022, the lowest in more than five decades (Business Brief No.3987)... Read more

13 Jan 2023

Thai Economy

Thailand’s 2023 GDP growth projected at 3.7% due to China’s reopening (Business Brief No.3986)

Around 25.5 million foreign tourists set to visit Thailand and Thai exports projected to shrink only 0.5% in 2023, thanks to China’s early reopening while global inflation may decline slower than expected ... Read more

12 Jan 2023

Thai Economy

Chinese New Year 2023: Bangkokians’ spending projected to grow for the first time in three years, amid cautious spending (Current Issue No.3381)

Based on its survey findings, KResearch views that Chinese New Year in 2023 will likely see brighter prospects compared to last year, driven by the easing of the COVID-19 situation and the “Shop Dee Mee Khuen” (shop and payback) scheme. However, consumers’ spending behavior must be adjusted to accom... Read more

29 Dec 2022

International Economy

Second year of China-Lao PDR high-speed railway…to benefit from China’s relaxation of zero-Covid measures

While the China-Lao PDR high-speed railway is entering its second year of operation, transport of goods between southern China and ASEAN is expected to become more active. China’s potential reopening following positive signals on gradual relaxation of its zero-COVID measures will generate greater be... Read more

27 Dec 2022

Thai Economy

Thai exports projected to shrink at 1.5% in 2023 amid weak demand in trade partners and declining global commodity prices (Business Brief No.3985)

Thailand’s export growth has slowed down substantially during 2H22 due to a number of factors. These include the high base of 2H21 and a noticeable weakness in demand seen in various export markets. As a result, Thai shipments contracted for the second consecutive month in November 2022 by 6.0 perce... Read more

23 Dec 2022

Thai Economy

The US preliminarily determines that Thai solar cells are circumventing AD/CVD measures…Short-term, limited impact on Thai exports amid looming competition with South Korea (Current Issue No.3376)

The US Department of Commerce announced the results of its preliminary investigation, finding that some Chinese manufacturers had established production bases in four ASEAN countries, including Thailand, in order to circumvent US anti-dumping and countervailing duty (AD/CVD) measures. If fin... Read more

22 Dec 2022

Thai Economy

Bangkok residents resume New Year 2023 celebrations, with spending projected to reach THB30.9 billion (Current Issue No.3375)

Due to the fragile recovery seen in income and the high cost of living, consumers continue to be cautious about their spending. However, most of them have resumed outdoor activities, including travelling as COVID-19 has begun to ease. They have also organized celebrations during various festivities ... Read more

21 Dec 2022

International Economy

EU plans to implement CBAM October 1, 2023 (Business Brief No.3983)

Members of the European Parliament (MEPs) have reached an agreement to set up the Carbon Border Adjustment Mechanism (CBAM), effective October 1, 2023... Read more

19 Dec 2022

Thai Economy

KResearch revises Thailand 2023 GDP forecast to 3.2 percent amid global economic recession while China may reopen relatively soon, though developments merit close watch (Press Conference 19 December 2022)

KResearch revises Thailand 2023 GDP forecast to 3.2 percent amid global economic recession while China may reopen relatively soon, though developments merit close watch (Press Conference 19 December 2022)... Read more

9 Dec 2022

Thai Economy

KR-ECI hit 14-month high in November 2022, but remained below pre-COVID-19 levels. Most households have year-end gathering plans in place

KR-ECI hit 14-month high in November 2022, but remained below pre-COVID-19 levels. Most households have year-end gathering plans in place ... Read more