9 Oct 2019
Thai Economy
The Cabinet, September 10, 2019, approved the 1,000-Baht cash handout as part of the government’s “Chim Shop Chai (Taste Shop Use)” program to stimulate domestic tourism, effective September 27 - November 30, 2019. Currently, a large number of people has begun to spend the cash giveaway in provinces where they signed up to the program. KResearch has conducted a survey on spending behavior of Thai households that have registered with phase 1 of the “Chim Shop Chai” program and the findings are as follows:... Read more
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20 Aug 2019
Thai GDP growth in 2019 may slide below initial projections of 3.1%, while external risk factors may prompt the government to implement more stimulus to boost growth (Business Brief No.3814)... Read more
21 May 2019
The Thai economy grew at the slowest pace in 17 quarters of 2.8 percent p.a. in 1Q19, lower than the consensus estimate at 3.2 percent, dampened by shrinking exports amid a steady slowdown in the global economy and impacts of the trade war. However, domestic spending and private investment overall continued to support the Thai economy. It is expected that such a growth momentum will continue into 2Q19, buoyed by household spending as a result of mid-year economic stimuli, though close attention must be paid to drought, which may last until July, thus hurting farm income during this quarter.... Read more
18 Feb 2019
The Thai economy grew 3.7 percent YoY in 4Q18, increasing over that reported for 3Q18, thanks to easing external risks and continuing growth seen in domestic spending. The trade war continued to cause 4Q18 exports to expand at a slower pace from 3Q18. Many Asian economies were also affected by the trade war. Meanwhile, Thai tourism bounced back in 4Q18, thus helping ease external risks.... Read more
19 Nov 2018
The Thai economy in the third quarter of 2018 expanded 3.3 percent YoY, which is the lowest recorded growth rate of this year and also lower than the market expectation of 4.1-percent growth due mainly to external economic factors. Meanwhile, there were positive signals in domestic consumption, including household spending and private investment.... Read more
20 Aug 2018
The Thai economy grew at an average of 4.8 percent p.a. during 1H18, supported by steady GDP growth of 4.6 percent p.a. in 2Q18. Domestic spending began to support the Thai economy in addition to exports and tourism amid rising agricultural supplies.... Read more
6 Jul 2018
Looking ahead, close attention must be paid to the ongoing trade war. If it persists beyond 2018, our real economic sector could be undermined over the next 2-4 years. Moreover, due to the cyclical upturn in interest rates, concerns may shift toward internal stability, in particular when Thailand is plagued by hefty commercial and household debt, which may lead to systematic risk in the future. ... Read more
21 May 2018
The Thai economy in 1Q18 rose to a record 5-year high at 4.8 percent YoY, driven by booming export and tourism sectors. At the same time, housing spending began to show positive signs, picking up momentum from the previous quarter. Additionally, agricultural production has dramatically increased, becoming a major driver for GDP growth in 1Q18. ... Read more
22 Jan 2018
In 3Q17, Thailand's household debt fell from 78.4 percent of GDP – as recorded in 2Q17 – to 78.3 percent of GDP, which could be the res... Read more
20 Nov 2017
The Thai economy rose 4.3 percent YoY in 3Q17, bettering the consensus survey that estimated 3.8 percent YoY. While external sectors were... Read more
29 Sep 2017
Based on the latest data released by the Bank of Thailand, Thai household debt is continuing to demonstrate a decelerating trend for the si... Read more
21 Aug 2017
The Thai economy performed better than expected in 1H17. The 2Q17 GDP surged 3.7 percent, outshining initial market expectations (consensus... Read more
2 Aug 2017
We at KResearch have preliminary assessed that direct economic losses from the extensive flooding in many northeastern provinces, e.... Read more
30 Jun 2017
Household debt, as reported by the Bank of Thailand (BOT), increased to THB11.48 trillion at the end of 1Q17, up 3.1 percent YoY. This figure, howe... Read more
15 May 2017
High growth in agricultural and export sectors, as well as household consumption, helped bolster Thailand's 1Q17 GDP to achieve good 3.3 percent gr... Read more
20 Feb 2017
The Thai economy recorded 3.2 percent growth in 2016, close to our KResearch estimate. Exports gained momentum and, once again, became a major contr... Read more
30 Dec 2016
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