Post by account_disabled on Jan 2, 2024 23:35:54 GMT -5
In the first half of 2019, Thai economic indicators, both exports and domestic spending, showed signs of continued weakening. In the second quarter of 2019, most indicators showed a slower direction compared to the first quarter. It reflects that the Thai economy is likely to expand lower than the first quarter's expansion of 2.8%. - For the second half of the year The Thai economy still faces challenges from many factors. Especially when the United States Prepare to increase import taxes at the rate of 10% on Chinese products worth 300 billion US dollars on September 1st. China has adjusted the value of the Yuan to depreciate below the level of 7 Yuan per US dollar.
It is the weakest level C Level Executive List in 11 years. Then the United States It states that China is a country that manipulates the currency (Currency Manipulator), which should lead to additional measures from the US side. And as a result, the trade war risks becoming more intense. In addition, there is an increased possibility that the United Kingdom may have to leave the European Union without a deal (No Deal Brexit) on October 31. - This factor Putting additional pressure on the world economy which is already trending to slow down. and when combined with the fluctuations in the value of the dollar That makes the baht still tend to fluctuate and may strengthen. These are all pressures that are not conducive to Thailand's export recovery picture for the rest of the year.
Incidentally, from the beginning of the year until 6 August 2019, the baht has strengthened 5.9% compared to the dollar. It is the most appreciating rate compared to other currencies. - Under the foreign picture above Supporting the Thai economy Must hope to rely on domestic spending. Especially short-term measures from the government both to alleviate the effects of drought conditions and restoring confidence in the private sector - Overall, the FTI meeting will monitor various situations. In order to closely evaluate the direction of adjustment of Thai economic indicators at this time, it is therefore still estimated the rate of economic growth, exports, and inflation in 2019 within the original framework.
It is the weakest level C Level Executive List in 11 years. Then the United States It states that China is a country that manipulates the currency (Currency Manipulator), which should lead to additional measures from the US side. And as a result, the trade war risks becoming more intense. In addition, there is an increased possibility that the United Kingdom may have to leave the European Union without a deal (No Deal Brexit) on October 31. - This factor Putting additional pressure on the world economy which is already trending to slow down. and when combined with the fluctuations in the value of the dollar That makes the baht still tend to fluctuate and may strengthen. These are all pressures that are not conducive to Thailand's export recovery picture for the rest of the year.
Incidentally, from the beginning of the year until 6 August 2019, the baht has strengthened 5.9% compared to the dollar. It is the most appreciating rate compared to other currencies. - Under the foreign picture above Supporting the Thai economy Must hope to rely on domestic spending. Especially short-term measures from the government both to alleviate the effects of drought conditions and restoring confidence in the private sector - Overall, the FTI meeting will monitor various situations. In order to closely evaluate the direction of adjustment of Thai economic indicators at this time, it is therefore still estimated the rate of economic growth, exports, and inflation in 2019 within the original framework.