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GDP of Thailand grew by 4.6% in annual terms in the second quarter after an increase of 4.9% in the first quarter, according to data from the Office for Economic and Social Development. The pace of economic growth in Thailand has slowed mainly due to a slowdown in the tourism sector. Relative to the previous quarter, GDP grew by 1% after an increase of 2.1% a quarter earlier. The economy of Thailand in the first half of the year increased by 4.8%. According to the economist of the Capital Economics, Krystal Tan, the key factor of economic growth in the coming quarters will be infrastructure expenses. However, due to a weaker export demand, Tan expects a gradual slowdown in GDP growth.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
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