"KResearch"

Kasikorn Research Centre (KResearch) has urged the government to use “asset warehousing” to protect hotel operators from the Covid-19 fallout.

Kasikorn Research Centre (KResearch) expects a 2.6 per cent growth in the Thai economy provided there is no new wave of Covid-19 infections and the country can reopen by the fourth quarter of this year.

Kasikorn Research Centre (KResearch) expects the Thai economy in 2021 to see an improvement compared to this year, with growth projected at 2.6 per cent for the base-case scenario, or within a range of 0.0-4.5 per cent.

Kasikorn Research Centre (KResearch) says the intensifying global Covid-19 outbreak, including a rapidly increasing number of infected people outside China, complicates any assessment of its impact on the economy.

Kasikorn Research Centre has revised downward its gross domestic product (GDP) forecast for 2019 to 2.5 per cent and projected that the Thai economy may grow 2.7 per cent in 2020.

Kasikorn Research Centre (KResearch) has revised downward its Thailand economic growth forecast for 2019 from 3.1 per cent to 2.8 per cent, while predicting that the economy may grow at less than 3.0 per cent next year amid numerous negative factors.

Kasikorn Research Centre (KResearch) has suggested in a company seminar that Thailand’s economy will likely perform better in the last quarter of 2018, with growth higher than 4 per cent compared to the 3.3-per cent pace reported in the previous quarter.

Although the United States has implemented various protectionism measures that will have varying impacts on trade partners and product types, certain flexibilities may limit the overall impacts and lead to trade negotiations with each partner, KResearch says after assessing the global situation.

Net loans in January declined by Bt79 billion from the previous month to Bt10.9 trillion in January, but the figure is also 4.23 per cent higher than during the corresponding month last year, according to KResearch.

Kasikorn Research Centre estimates that Bangkok residents will spend up to Bt13.44 billion during the Chinese New Year festivities, a 4.3-per-cent increase over 2017.

KResearch projects the Thai economy will grow 3.3 per cent in 2017, with loan growth of 4 per cent.