Published: Jul 27, 2021
The World Bank, in a report dated July 26, forecasts that the economy is expected to contract by 18 percent in 2021 Fiscal Year, which will have detrimental implications for the lives, livelihood, poverty, and future growth of the country.
Published: Jul 15, 2021
BANGKOK, July 15, 2021 – Thailands economy continues to take a heavy toll due to the COVID-19 pandemic and is projected to expand modestly at 2.2 percent in 2021, revised down from the 3.4 percent growth projected in March, according to the World Banks latest Thailand Economic Monitor "The Road to Recovery" published today.
Published: Jun 30, 2021
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.
Published: Jun 09, 2021
Emerging market and developing nations will continue to struggle with the Covid-19 pandemic and its aftermath even as a few major economies spur the strongest post-recession global growth in 80 years, the World Bank said.
Published: Apr 01, 2021
South Asia's prospect for an economic rebound is firming up as the area's growth is set to increase by 7.2 per cent in 2021 and 4.4 per cent in 2022, World Bank said in its twice-a-year-regional update today.
Published: Jan 20, 2021
Thailand’s economy has been severely impacted by Covid-19 and is estimated to have shrunk by 6.5 per cent in 2020, with growth projected to expand by 4.0 per cent in 2021, according to the latest World Bank Thailand Economic Monitor report “Restoring Incomes, Recovering Jobs” released on Wednesday.
Published: Jan 04, 2021
The World Bank projected that China's GDP growth will return to its pre-pandemic level by 2021, to accelerate to 7.9 percent next year from 2 percent in 2020, in response to improved consumer and business confidence and better labor market conditions, according to a report published on Wednesday.
Published: Nov 29, 2020
The Environment and Forestry Ministry and the World Bank signed a deal on Friday on the Forest Carbon Partnership Facility (FCPF), which provides an additional opportunity for the government to receive payments in exchange for reducing carbon emissions.