K-Research predicts 2020 GDP growth of 2.5-3%The GDP growth forecast for 2020 has been set at 2.5-3% by Kasikorn Research Center (K-Research), compared with 2.8% growth seen this year. The government's 1,000-baht "Eat, Shop, Spend" handout scheme is expected to increase 2019 GDP growth by 0.02%. The total budget for the scheme is 19 billion baht, of which 10 billion baht is handed directly to consumers. But with a relatively small budget and limited time for the package, the scheme will only marginally contribute to GDP growth. K-Research slashed its 2019 GDP growth forecast from an earlier projection of 3.1% to 2.8% because the US-China trade dispute intensified.

Source: Bangkok Post October 02, 2019 00:33 UTC