Emerging from the Ravages of COVID-19: Thai Economic Outlook 2021

TRIS Rating forecasts Thailand’s annual GDP growth to be 2.6% in 2021.

PROPERTY INDUSTRY (HOMEBUILDER AND REAL ESTATE DEVELOPER)

TRIS Rating expects demand for residential properties in 2021 to grow slightly from last year.

FINANCIAL INSTITUTIONS (NON-BANK FINANCIAL INSTITUTIONS)

Our rating actions on NBFIs in 2020 were mainly the result of a deterioration in operating performance over recent years or a material change in shareholding structure, rather than as a direct impact of COVID-19.