A corner of Bangkok, Thailand (Photo: thainews.prd.go.th) Bangkok (VNA) – Thailand’s GDP growth forecast for 2020 has been set at 2.5-3 percent by Kasikorn Research Centre (K-Research) as compared to 2.8 percent growth seen this year. According to K-Research, the country needs additional stimulus to meet the upper edge of the estimated range. The 2020 economic outlook will likely suffer from external risk factors, particularly the US-China trade war and further dampening of exports. Amid this gloomy sentiment, the research house predicts Thailand’s exports to contract 2 percent next year, said assistant managing director Nattaporn Triratanasirikul, adding fiscal policy should be the key instrument to support economic momentum while global uncertainties remain. Additional stimulus packages would help the economy to grow by 3 percent next year. Otherwise it would be below 3 percent. Otherwise, it would be below 3 percent, she said. Measures should be targeted towards small and medium-sized enterprises that are affected by the trade war, especially those reliant on exports, she said. These industries could see a higher lay-off rate, which was 4.5 percent in July, up from 2.8 percent in April and 1.9 percent in January. Nattaporn suggested the government should resume its soft-loan schemes for… Read full this story
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