Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Agricultural Development Bank of China
InfoQuest

Fiscal Policy Office forecasts GDP likely contract 8.5pct in 2020 due to COVID-19 epidemic

July 31, 2020


Abstract : Fiscal Policy Office (FPO) forecasts that Thailand’s economy will contract 8.5 percent due to the outbreak of the COVID-19 pandemic.

InfoQuest, (July 31, 2020) -- Fiscal Policy Office (FPO) forecasts that Thailand’s economy will contract 8.5 percent due to the outbreak of the COVID-19 pandemic. As it now begins to show signs of recovery after passing the lowest point in the second quarter of 2020 when the economy was expected to plunge more than 10 percent, Thailand’s economy is likely to grow 4-5 percent in 2021 and FPO forecasts that in the third quarter of 2020, there will have a possibility either falling as the previous quarter or rising. Therefore, the Ministry of Finance will closely monitor the economic situation and be prepared to launch appropriate measures in each period.

Source: InfoQuest, by Tanit Tongnok / Sasithorn Simaporn / Rachada Kongkhunthian, translated by Xinhua Silk Road

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Scan the QR code and push it to your mobile phone

Keyword: COVID-19 Thailand GDP

Reading:

Lao PM speaks highly of China-Laos railway construction achievements

Chinese company exports 449 school buses to Saudi Arabia

China Focus: China's ARJ21 capable of serving all high-plateau airports

China remains attractive to foreign investors

China's online retail sales hit 5.15 trillion yuan in H1

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial