Thai Economy News

ADB cuts projection for Thailand

The Asian Development Bank (ADB) has further cut its projection for the Thai economy for 2009, from a contraction of 2% to 3.2%, ADB country director for Thailand, Jean-Pierre Verbiest, said on Tuesday. Mr Verbiest said the economic growth projection’s revision was based on the impact of global recession and the current political uncertainty, which had hurt confidence of the business sector and diminished the domestic consumption. (Bangkok Post)

ThaiVest Editorial Team
The Thaivest Editorial Team is a dedicated group of writers and editors with a passion for Thailand's vibrant economy, culture, and lifestyle. With diverse backgrounds in finance, economics, and journalism, we provide valuable insights into living well in Thailand, making money online, and practical tools for navigating its dynamic market. Our mission is to keep our readers informed about the latest developments, opportunities, and challenges in Thailand's economic and cultural landscape. Stay connected with Thaivest for reliable, well-rounded coverage of all things Thai.

Leave a Reply