Soft landing likely for this dragon year

The Year of the Dragon brings with it the expectation that the direction of the global economy will be better than that of 2023. Despite earlier concerns about a sharp global economic downturn, recent developments suggest a soft landing for 2024. The World Bank recently reported that global economic growth will be 2.4% this year, […]

Uncertainty ahead for Thai economy

The Thai economy will face many headwinds but also tailwinds next year, mainly from the global economy and geopolitical tensions. In 2022, the Thai economy slowly recovered from the Covid pandemic as lockdowns ended and the economy was reopened to international travel. After contracting by more than 6% in 2020, Thailand’s real gross domestic product […]

‘Guillotine’ regulations to lift economy

Phumjit Sri-UdomkajornTiensawang ThamwanichNathchaya Pongakkarawat The second wave of Covid-19 in Thailand has proved to be challenging to our economic team. Previously, the government has introduced several relief measures to curb the economic impacts from the pandemic including (1) Monetary policy when BoT cut the policy interest rate and (2) Fiscal policies which are about taxs […]

What should be the real development targets for the EEC?

Saowaruj Rattanakhamfu Designed to attract foreign and domestic investment to the three eastern provinces of Chon Buri, Rayong and Chachoengsao, the Eastern Economic Corridor (EEC) is the current government’s most important engine to drive its “Thailand 4.0” policy which is attempting to propel the country towards high-income status. Even though investment is important for short-term […]