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Standard and Poor’s (S&P) maintained Thailand’s credit rating at BBB+ . The global rating firm expects the country’s gross domestic product (GDP) to grow at 1.1% this year, with a more optimistic growth at 3.6% per year from 2022 to 2024.
Government Spokesman Thanakorn Wangboonkongchana said the agency maintained Thailand’s credit rating at BBB with a stable outlook. In its report, S&P expects the country’s economic recovery to be driven by export and tourism, thanks to the higher vaccination uptake and COVID-19 containment measures.
The government’s continued investment promotion campaign will result in the overall economy rebounding to the pre-pandemic level from 2023.
S&P’s assessment shows Thailand’s external finance sector remains robust from the current account surplus, high liquidity, and high foreign exchange reserves. In addition, the country’s monetary and pricing stability policies have contributed positively to the c…
In the previous season Atletico Madrid often spoiled the nerves of their fans, now and then missing a huge advantage over competitors. In the current season, the start is not yet very good, but all newcomers haven’t yet been involved; the team signed enough of them to strengthen the roster.
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Diego Simeone is pleased with the roster, because the management has done a great job. Saul Niguez left, but they wanted to sell the Spaniard anyway. His place will be taken by the equally talented Rodrigo De Paul. High-quality reinforcement will allow the club to compete not only for national trophies but also for the Champions League. It is worth highlighting the followi…
The Siam Commercial Bank (SCB), one of Thailand’s largest commercial banks, said in its latest economic outlook report that the country’s economy may wait until the second semester of 2023 to return to 2019 growth levels.
The SCB Economic Intelligence Center (EIC) revised Thailand’s economic forecast for 2021 downward to 0.7% from 0.9% previously following a severe and prolonged third-wave outbreak which led to adverse impacts on private consumption.
For 2022, EIC forecasts Thailand’s economy to grow 3.4% with recoveries in both domestic and external demand.
EIC expects the situation to improve in the beginning of the fourth quarter from a significantly higher rate of fully-vaccinated individuals, which would benefit confidence and domestic economic activity recovery.
Exports have continued to expand but should slightly slow throughout the rest of the year from a higher base and the spread of the Delta variant, w…