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In the first quarter of this year, GDP of Thailand rose 4.8% year-on-year at the maximum rate over the past 5 years after an increase of 4% in the fourth quarter of 2017, official data showed. The growth of the economy was promoted by an increase in domestic consumption and the restoration of production in the agricultural sector. Analysts did not expect changes in GDP growth rates. In the first quarter, consumer spending increased by 3.6% after rising by 3.4% quarter-on-quarter. The increase in government spending was 1.9% compared to a 0.2% rise in the previous quarter. Agricultural production increased by 6.5% after a decline of 1.3% quarter-on-quarter. Exports of goods and services increased by 6%. The pace slowed down compared with the rise of 7.4% in the fourth quarter of 2017.
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 ...
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 ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
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