Browsing Category
Economy
321 posts
SCB EIC expects CLMV economic growth in 2025 to slow down slightly, in line with the global economic slowdown.
SCB EIC predicts CLMV economies to slow down in 2025 due to global economic factors and Trump 2.0 policies, but domestic demand and ASEAN growth will support growth. Country-specific factors will shape economic prospects, with Vietnam expected to have the strongest growth. Trade and investment between Thailand and CLMV are also expected to increase.
SCB EIC anticipates that the MPC still has room to lower the policy rate again next year.
The MPC maintained the policy rate at 2.25%, aligning with SCB EIC’s projections. Economic challenges are expected to increase due to global competition and uncertainties from major economies. Inflation is projected to return to the target range. The MPC shows limited concern over credit growth slowdown.
Exports in November Remain Strong, but SCB EIC Foresees Trade War Pressures Impacting Thai Exports in the latter half of…
Thai exports in November grew by 8.2%, reaching USD 25.6 billion, exceeding forecasts. Exports were driven by electronics demand, high gold exports, and recovery in certain manufacturing sectors. Exports to China increased significantly, but overall export markets slowed down. Thailand’s trade balance returned to a deficit and SCB EIC projects continued export growth for 2024, but challenges may arise in 2025 due to trade wars.
