"GDP"

The Covid-19 lockdown will result in a 0.8 per cent contraction in economic activities in a best-case scenario where the new infection rate goes down by 40 per cent within August, said Chayawadee Chai-Anant, senior director at the Bank of Thailand’s Macroeconomic Department on Thursday.

Chinas GDP growth is projected to reach 8.5 percent on a yearly basis in 2021, thanks to the pent-up demand and strong exports, according to the World Bank, which updated the economic forecasts in its regional economic report on Tuesday.

SINGAPORE - Singapore maintained its economic growth forecast range for this year at 4 per cent to 6 per cent, despite increased uncertainty over the economic conditions, the Ministry of Trade and Industry (MTI) said on Tuesday (May 25).

GDP growth surged in Beijing, Tianjin and the province of Hebei by 17.1 percent, 15.9 percent and 15.1 percent respectively in the first quarter from a year earlier, Xinhua News Agency reported on Tuesday.

Thailand’s gross domestic product (GDP) in the first quarter of this year contracted by 2.6 per cent because the third wave of Covid-19 infections has hurt the economy and tourism industry, the National Economic and Social Development Council (NESDC) said on Monday.

Thailand’s economy has displayed remarkable resilience despite experiencing its largest wave of Covid-19 cases, HSBC Global Research said. It said Thailand’s real GDP still expanded by 0.2 per cent quarter on quarter (QoQ) in the first quarter of 2021.

U.S. stocks rose to a record as investors digested the latest batch of corporate earnings and data that showed that the American economy gained steam in the first three months of the year.

A new round of restrictions aimed at containing the fresh wave of Covid-19 will shake the Thai economy’s fragile recovery from its 2020 slump, says CIMB bank. The bank has revised down its GDP growth forecast for 2021 from 2.6 per cent to 2.2 per cent.

HÀ NỘI – Việt Nam’s economic growth is expected to rebound to 6.7 per cent this year despite the recent resurgence of the COVID-19 pandemic in nearby countries, and rise to 7 per cent in 2022, according to the Asian Development Bank (ADB).

SINGAPORE - Singapores economy has almost recovered the output lost during the first half of 2020, although its growth momentum eased in the first quarter of this year.

The Indian economy is likely to grow at 11 per cent in the current financial year, said the Asian Development Bank (ADB).

Nation continues to experience economic normalization as vaccinations ramp up