Browsing Category

Economy

205 posts
Indonesia: Current Account Deficit Will Widen

Indonesia: Current Account Deficit Will Widen

Key View Indonesia’s current account will likely remain in a deficit in…
India Consumer Outlook: Lowest Unemployment Figures In Two Years Support Spending Growth

India Consumer Outlook: Lowest Unemployment Figures In Two Years Support Spending Growth

Key View: We hold a positive outlook for consumer spending in India over…
Outlook Quarter 1/2024

Outlook Quarter 1/2024

SCB EIC forecasts global economy to grow by 2.6% in 2024 with positive momentum in Q4 2023. Central banks worldwide will adjust policies. Thailand’s economic growth revised to 2.7%, facing challenges in the manufacturing sector. Policy rate in Thailand to be lowered to 2% in response to structural challenges.
Quick View: USD54mn Investment In Myntra By FlipKart Heats Up E-Commerce In India

Quick View: USD54mn Investment In Myntra By FlipKart Heats Up E-Commerce In India

The Latest: On March 5 2024, the India-based e-commerce giant Flipkart announced…
SCB EIC expects a slower growth momentum for Thai economy, underweighting recovery in 2024.

SCB EIC expects a slower growth momentum for Thai economy, underweighting recovery in 2024.

In Q4/2023, Thai economic growth was modest at 1.7% year-on-year, with a -0.6% quarter-on-quarter contraction. Services sector boosted by tourism, but public investment decreased. Q1/2024 expected to have higher growth due to private consumption and despite delays in public spending. Overall, slow economic recovery expected in 2024.