Thailand Economic Outlook
October 15, 2019
Available data suggests economic growth accelerated in the third quarter from the near five-year low in the second quarter, although the pace of expansion is likely to have remained relatively lackluster nonetheless. In the first two months of the quarter, exports registered no growth over a year ago on average. This was partly due to a continued appreciation of the Thai currency and this has fed through to the domestic economy. In the same time frame, the downturn in the goods-producing sector intensified, while agricultural output continued to fall—albeit at a softer pace—amid a lingering drought. Consequently, annual private consumption growth moderated in July–August, while business and consumer sentiment worsened; however, softening inflationary pressures in the quarter as a whole should have somewhat cushioned the slowdown in household consumption.Thailand Economic Growth
While economic growth should accelerate next year, risks are tilted to the downside and chiefly stem from the external sector as well as a strong currency. The latter is seen weighing on exports and inbound tourism, translating into weaker domestic demand; fiscal expansion and monetary policy loosening should ease its moderation, however. Our panel expects the economy to expand 3.1% in 2020, which is down 0.1 percentage points from last month’s projection, and 3.4% in 2021.Thailand Economy Data
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Thailand Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 30.56 | 0.17 % | Sep 04 |
| Stock Market | 1,659 | -1.41 % | Sep 04 |
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Thailand Economic News
Thailand: Inflation falls to eight-month low in September
October 4, 2019
Consumer prices rose 0.10% month-on-month in September, contrasting the 0.19% decrease in August.
Thailand: Manufacturing output falls at an accelerated pace in August
September 27, 2019
Manufacturing production fell 4.4% year-on-year in August, down from the revised 3.3% contraction in July (previously reported: -3.2% year-on-year).
Thailand: Bank of Thailand holds fire in September
September 25, 2019
At its 25 September meeting, the Monetary Policy Committee of the Bank of Thailand unanimously opted to leave the policy rate unchanged at 1.50%.
Thailand: Strong currency hurts Thai exports in August
September 23, 2019
Exports contracted 4.0% year-on-year in August, swinging from a 4.3% increase in July and worse than the 2.0% fall expected by market analysts.
Thailand: Inflation falls to seven-month low in August
September 2, 2019
Consumer prices fell 0.19% month-on-month in August, contrasting the 0.06% increase in July.
© Copyright: 2019 | Thailand Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
