The continued recovery of domestic demand and a supportive global environment induced the economy to grow by 2.2 percent in Q1 2022. However, the combined impact of the Ukraine war on prices and the global...
The Omicron wave and the Ukraine war have further set back Thailand’s recovery and prompted a downward revision of the World Bank’s growth projection to 2.9 percent in 2022. Inflation surged to a 13-year...
Thailand’s labor market faces several challenges. Labor force participation has been declining, the shift of jobs out of the low-productivity agriculture sector has slowed, and informality is the norm...
The economy showed signs of a rebound in Q4 2021. However, the combined shocks of the ongoing Omicron wave and the fallout of the Ukraine-Russia conflict on global energy prices, tourism and financial...
New Coronavirus (COVID-19) cases rose, on average, to 10,533 per day during the first ten days of February, up from 7,000 cases per day in January, as the fast-spreading Omicron variant became dominant...
Domestic economic activity improved following the easing of virus containment measures on October 1. New infections continued to decline gradually while the pace of vaccination picked up significantly...
On September 1, the government relaxed lockdown measures as the number of new Coronavirus disease (COVID) cases declined. However, confidence remained subdued due to health concerns and the low vaccination...
Thailand’s labor market faces several challenges. Labor force participation has been declining, the shift of jobs out of the low-productivity agriculture sector has slowed, and informality is the norm...
Thailand’s labor market faces several challenges. Labor force participation has been declining, the shift of jobs out of the low-productivity agriculture sector has slowed, and informality is the norm...
Thailand’s labor market faces several challenges. Labor force participation has been declining, the shift of jobs out of the low-productivity agriculture sector has slowed, and informality is the norm...
The Thailand Economic Monitor (TEM) reports on key developments in Thailand’s economy over the past six months, situates these changes in the context of global trends and Thailand’s longer-term economic...
The Thailand Economic Monitor consists of two parts. Part 1 reviews recent economic developments, examines the country's macroeconomic outlook, and analyzes the impact of key policy changes. Part 2 focuses...
The outlook for the global economy has darkened amid elevated trade tensions. International trade and investment are moderating, trade tensions remain elevated, and financing conditions are tightening...
The global economy grew by an estimated 3.0 percent in 2017, up from 2.4 percent in 2016. Growth in both advanced economies (2.3 percent) and emerging markets and developing economies (4.3 percent) exceeded...
The Thai economic recovery has continued to broaden and gain momentum, reflecting an increase in external demand amid global growth and a recovery from severe drought. The economy grew by 3.3 percent in...
Growth in developing East Asia and Pacific (EAP) continues to be resilient and in line with previous expectations. Already robust domestic demand has been supported by some pickup in external demand and...
After two years of strong economic growth and macroeconomic stability, Myanmar faced a more difficult economic environment in 2015-2016. In 2015-2016, economic growth in Myanmar eased to 7 percent amid...
In the six months since the previous East Asia and Pacific (EAP) economic update, developing EAP has faced a challenging external environment. Financial market conditions in the region, however, have been...