How Thai economy will perform next year?
Thailand’s economy is likely to increase around 2.7-3.0 percent, according to the predictions by several economic institutions.
The limited expansion is a result of negative effect from the weaker global economic performance, rising household debts and tech disruption that leads to less demand for manual workers.
The World Bank projected Thailand’s growth in 2020 at 2.9 percent against 2.7 percent this year. The Economic Intelligence Service (EIS) of the Thailand Development Research Institute (TDRI) forecasted Thailand’s 2020 growth at between 2.5-3 percent. Siam Commercial Bank Economic Intelligence Center expected Thailand’s GDP to grow 2.7 percent next year.
