The World Bank reported on Friday (March 31) that the Thai economy is expected to grow by 3,6% this year. This is an increase compared to last year's 2,6% growth.
Corona pandemic plunges 1,5 million Thai into poverty
Last year, 1,5 million Thai fell below the poverty line due to the corona crisis. Thailand now has 5,2 million poor people, according to the World Bank.
A recently released report from the World Bank shows how the number of people below the poverty line has increased from 5 to 7,2 percent in the past 9,8 years. The share of the national income of the 40% of the lowest incomes decreased.
Despite the economic recovery, the Netherlands has dropped four places in a World Bank ranking for the ease of doing business and is now in 32nd place. Thailand, on the other hand, has risen and is in 26th place, well ahead of our country.
World Bank not positive about Thai economy growth
The World Bank is not very optimistic about Thai economic growth. She expects growth for this year of 3,2 percent, which could rise to 3,4 percent in 2019. According to the World Bank, this has to do with obstacles to productivity in Thailand, such as good education and craftsmanship.
World Bank: Thailand should be clear about land ownership
The Thai economy is faltering and, according to the World Bank, Thailand can take a number of measures to improve the investment climate for companies and individuals. For example, the country must make the data on land ownership public.
World Bank: Thailand's economic growth shrinks to 2,4 pc
The World Bank expects Thailand's economy to contract significantly this year due to widespread flooding.
Poverty in Thailand has been discussed many times on this blog. There were also readers who claimed that it was not too bad. This conclusion was drawn based on the number of new pick-ups seen driving around Isaan. An 'eye-opener' on this subject is a small article in the Economist. A graph from the World Bank provides insight into the countries with the largest income differences. It shows that Thailand together with…