The Thai economy in 2024 is still recovering slowly and growing below expectations. The Bank of Thailand has lowered its GDP forecast for 2023 and 2024 to 2.4% and 3.2%, respectively. Tourism, which was a major driver of the Thai economy before the pandemic, is still a concern. What
The continued conflict between Israel and Hamas has economic consequences that reaches far beyond the Middle East region. This is impacting Thai exports and also lead to uncertainty for the future. The conflict has led to increased transportation costs and delayed delivery times due to affected shipping through the
Thailand and Bangladesh are enhancing their bilateral relations following the arrival of Bangladesh Prime Minister Sheikh Hasina in Thailand on 24 April 2024. Since her visit began, the two nations have signed five agreements and a memorandum of understanding, which are designed to boost cooperation in sectors such as
The number of container vessels waiting outside China's ports has nearly doubled since February, as the lockdown in Shanghai continues and many other Chinese cities face restrictions due to Covid-19. Read more here. Source: Seatrade Maritime News
The Omicron wave and the Ukraine war have slowed Thailand's recovery even further, prompting the World Bank to lower its growth forecast to 2.9 percent in 2022. Inflation reached a 13-year high as global energy prices rose, while consumer confidence fell to a 6-month low amid the Omicron wave. The
The next carrier is developing its own division for airfreight by transferring the activities of its existing in-house aircraft operator, Star Air, to the newly born unit Maersk Air Cargo. The major Danish carrier has opted for Denmark’s second largest airport, Billund, as its air freight hub. Daily flights are
The economy showed signs of a rebound in Q4 2021. However, the combined shocks of the ongoing Omicron wave and the fallout of the Ukraine-Russia conflict on global energy prices, tourism and financial markets, will further set back the recovery. The number of foreign tourists fell in January, due to
The Thai stock market has tracked higher in consecutive trading days, gathering more than 35 points or 2.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,680-point plateau and it's expected to see additional support on Friday. Read more here Source: RTT News
Last year Average Joe released Jens Balle's new book, Når hulemænd investerer (When cavemen invest). The book quickly became a hit amongst private investors. For many years Jens Balle worked in the financial sector, given advices to investors. It was during the dot.com-crisis he got interested in financial behavior. He