Fiscal Balance in Thailand

Thailand Fiscal Balance | Economic News & Forecasts

Thailand - Fiscal Balance

The economic panorama remains subdued in Q3, following a deep contraction in Q2 as the pernicious effects of the pandemic pummeled private consumption and exports. That said, data for Q3 points to an improving situation, with the decline in manufacturing output and merchandise exports softening notably in July, while business and consumer confidence continued to climb higher in July–August. Moreover, the manufacturing PMI for August, albeit still indicating a mild deterioration in conditions, hit its highest level since January. However, a sharp reduction in tourism bodes ill for the external sector, with plans to open the country to international visitors still some weeks away. As such, the government is planning additional stimulus measures to help boost household spending, although its attention is being diverted by continued protests calling for constitutional reform and greater democratic freedoms.

Thailand - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-2.3  -2.6  -3.0  -2.4  -1.8  

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Thailand Facts

Value Change Date
Exchange Rate30.110.17 %Dec 30

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