15 Mar 2024
International Economy
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Thai Economy
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15 May 2023
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
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
9 May 2023
1 May 2023
26 Apr 2023
19 Apr 2023
11 Apr 2023
Fiscal measure via funds transfer... Read more
10 Apr 2023
KR-ECI fell in March 2023; Thai households were more concerned about their debt burden ... Read more
7 Apr 2023
Thailand’s looming super-aged society presents a formidable challenge for business sector and new government... Read more
3 Apr 2023
30 Mar 2023
Thai exports in 2023 may see a deeper contraction of 1.2 percent, affected by the global economic slowdown... Read more
20 Mar 2023
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
13 Mar 2023
The collapse of banks in the US has limited impact on Thailand. However, further developments merit close watch... Read more
2 Mar 2023
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 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
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
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
Alternatives for the business sector to consider in addressing ESG issues... Read more
20 Jan 2023
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
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
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
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
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
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
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
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
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
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
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
1 Dec 2022
NCB’s data show that micro and super micro businesses remain fragile despite economic recovery... Read more
29 Nov 2022
Regarding the 33rd Asia-Pacific Economic Cooperation (APEC) summit hosted by Thailand, the French leader was officially invited as a special guest of the Thai government to attend the forum. During his visit to Thailand, marking the first such visit in 16 years, French President Emmanuel Macron and ... Read more
17 Nov 2022
During APEC 2022, hosted by Thailand, close attention must be paid to the APEC CEO Summit 2022 because it provides leading business leaders of APEC member economies an opportunity to showcase their visions. The program of the APEC CEO Summit focuses on the openness to trade and investment, as well a... Read more
11 Nov 2022
KR-ECI remained static in October. Households were still concerned about expenses, income and, employment, plus future savings due to the impact of flooding in many provinces ... Read more
10 Nov 2022
Preliminary voting results of the US midterm elections, November 8, 2022, show that Republicans have inched closer to a House majority, while control of the Senate hinges on a few tight races. Regardless of whether Democrats can still hold a majority in the Senate, or not when the official voting re... Read more
1 Nov 2022
KResearch expects that the US Federal Reserve (Fed) will consider raising its policy rate by another 0.75 percent at the upcoming Federal Open Market Committee (FOMC) meeting, November 1-2, 2022, marking a 0.75 percent policy rate hike for the fourth consecutive meeting. ... Read more
26 Oct 2022
The Chinese economy grew better-than-expected at 3.9 percent YoY in 3Q22, bettering the 0.4 percent growth reported for 2Q22. During 9M22, the Chinese economy expanded 3.0 percent, buoyed by the relaxation of lockdown measures in major cities such as Shanghai, allowing its manufacturing sector to re... Read more
Public construction investment to grow in 2022-2023 bolstered by megaprojects, but close attention must be paid to several risk factors ... Read more
11 Oct 2022
September KR-ECI remained static from the previous month. Flooding presents risk to household income and spending ... Read more
28 Sep 2022
KResearch maintains GDP growth projection for 2022 at 2.9 percent and a projected range of 3.2-4.2 percent for 2023; hopes pinned on tourism to mitigate impacts of economic recession among Thailand’s partners ... Read more
21 Sep 2022
Due to rising vegetarian food prices in line with higher production costs, and floods damaging agricultural crops that are the main ingredients of vegetarian food, especially vegetables and tofu which typically see price hikes during the Kin Jae festival, the number of Bangkok residents participatin... Read more
20 Sep 2022
It is expected that the US Federal Reserve (Fed) will raise its policy rate by another 0.75 percent at the Federal Open Market Committee (FOMC) meeting slated for September 20-21, 2022 as the US headline inflation rate for August was still higher than what was expected by the markets although it fel... Read more
19 Sep 2022
China has been severely affected by a heat wave and drought. Although the situation has eased in some areas, the heat wave crisis may persist and affect crops that are to be harvested during the remainder of this year. This would boost imports into China, especially rice, wheat and maize.... Read more
7 Sep 2022
KR-ECI recovered for two straight months in August 2022, supported by higher employment and the fact that prices of several products began to increase at a slower rate from the previous month... Read more
31 Aug 2022
The tripartite national wage committee has resolved to raise the minimum wage rates for the year 2022, which will be proposed for the Cabinet’s approval to take effect on October 1, 2022. There are nine new minimum wage levels. The lowest rate is THB 328, and the highest is THB 354 (the current rate... Read more
10 Aug 2022
The KR-ECI and 3-month Expected KR-ECI in July 2022 improved to 32.5 and 34.0, from their lowest-ever levels at 30.8 and 32.9 reported for June 2022, due to energy prices that were slightly lower than June, albeit remaining high. Additionally, further relaxation of Thailand’s entry restrictions has ... Read more
25 Jul 2022
It is expected that the US Federal Reserve (Fed) will raise its policy rate by another 0.75 percent at the upcoming Federal Open Market Committee (FOMC) meeting slated for July 26-27, 2022. The latest inflation figure for June hit a record four-decade high of 9.1 percent YoY, prompting the Fed to pl... Read more