Connect with us
The clever new way to send money abroad

Banking

Escalating political rallies affect Thailand’s sovereign position

Published

on

Bank of Thailand (BoT) Governor Tarisa Watanagase on Monday said the ongoing political rallies by the Red Shirt protesters are more persistent and violent than expected, putting Thailand’s sovereign position at risk of being downgraded.

The downgrading would fuel costs of offshore borrowing and shake investor confidence in Thailand, she said.

“We must take into account all factors in assessing the impacts on the economy by assuming how the rallies will end,” she said, “and whether what happens now differs from tghe assumptions.

“How the economy will be affected depends on confidence. Investor confidence is most worrying now,” Mrs Tarisa said.

The BoT chief said the political crisis had begun to impact the Thai economy, but how adversely it will affect depends on whether the rallies end sooner or later.

via Escalating political rallies affect Thailand’s sovereign position, says BoT.

Click to comment

Leave a Reply

Economics

Thailand’s economic growth expected to return to 2019 levels in mid-2023

Although the economy would recover next year, the recovery is still substantially below potential level resulting in a large output loss and could affect Thailand’s potential economic growth in the future with the economy expected to return to 2019 levels in mid-2023.

Published

on

The Siam Commercial Bank (SCB), one of Thailand’s largest commercial banks, said in its latest economic outlook report that the country’s economy may wait until the second semester of 2023 to return to 2019 growth levels.

(more…)
Continue Reading

Banking

S&P maintains Thailand’s credit rating at BBB+ with stable outlook

Standard and Poor’s (S&P) maintained Thailand’s credit rating at BBB+ . The global rating firm expects the country’s gross domestic product (GDP) to grow at 1.1% this year, with a more optimistic growth at 3.6% per year from 2022 to 2024.

Published

on

Standard and Poor’s (S&P) maintained Thailand’s credit rating at BBB+ . The global rating firm expects the country’s gross domestic product (GDP) to grow at 1.1% this year, with a more optimistic growth at 3.6% per year from 2022 to 2024.

(more…)
Continue Reading

Most Read

Recent