[THAILAND ECONOMIC NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Thailand economic news to share with you which is as undermentioned.
Thailand's economy could fall in to a recession if the global economy expands by less than 2% for more than a year, but infrastructure development and election spending bode well for the country's growth prospects, says an economist.
In January the International Monetary Fund (IMF) lowered its estimate for global economic growth in 2019 by 0.2 percentage points to 3.5%, its second downward revision in less than five months after cutting its global economic growth forecast to 3.7% in October 2018.
The IMF made clear that the biggest known risks to growth are the Sino-US trade disputes and the possib ility of Britain exiting the EU without a deal.
Slimmer returns on short- and long-term government bonds across the globe could also spark a recession, given how higher interest rates will cause the yield spread between short- and long-term bonds to go negative, said Somprawin Manprasert, executive vice-president of Bank of Ayudhya.
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