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Economy
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SCB EIC expects the MPC to keep policy rate steady at 2.5% throughout the year should growth and inflation outlook not t…
The MPC voted to maintain the policy rate at 2.50 percent, projecting a slowdown in the Thai economy in 2024. Structural challenges and slower growth in China are contributing to the economic slowdown, with inflation levels staying low. Financial conditions remain stable, with some challenges for low-rated corporate bond issuers.
Exports slightly contracted in 2023 but poised for a hopeful recovery to welcome the year of the dragon, though close mo…
Thai exports showed a recovery in December 2023, with 5 consecutive months of growth and significant contributions from gold exports. Exports to certain key destinations contracted, and there was a trade surplus in December. SCB EIC anticipates continued export recovery in 2024, despite potential risks from global supply chain disruptions.
Thai exports showed continued resilience in October. SCB EIC expects positive growth in Q4/2023
Thai export growth reached a 16-month high in October 2023, with 8%YOY increase totaling USD 23,578.8 million. Exports of key products and to key destinations improved. The trade returned to a deficit due to an increase in imports. SCB EIC expects a return to expansion in Q4/2023 and a 3.7% expansion in 2024.
