Tag: SCB

As the number of Chinese tourists visiting Thailand steadily increases, the scale of this resurgence is keenly observed by Thai tourism authorities, especially after the slight recovery observed in 2023, the first year since the country's reopening.

In May 2024, Thai exports increased by 7.2% compared to the previous year, driven by agricultural product exports, especially fruits to China. Imports decreased, resulting in a trade surplus. SCB EIC anticipates continued export growth in June and throughout 2024, ...

SCB EIC forecasts a 3.1% export growth for 2024, lower than previous estimates, citing challenges in adapting to changing global demand patterns.

Despite the positive impact of the measures, SCB EIC anticipates a limited overall increase in market demand due to factors such as household debt, high interest rates, and limited access to housing loans affecting buyers with moderate to lower purchasing ...

The forecast includes two expected policy rate cuts by the MPC in April and June 2024 to sustain a neutral monetary policy stance and support economic growth while alleviating high debt burdens for vulnerable businesses and households.

The digital payments market in Thailand is experiencing significant growth, with projections indicating a 7.51% increase from 2024 to 2028, resulting in a market volume of US$52.47 billion by 2028.

The MPC anticipates a slowdown in the Thai economy in 2024 as a result of softening global demand and moderating growth in China. This has led to challenges in merchandise exports and tourism.

Despite potential risks from global supply chain disruptions, SCB EIC anticipates that Thai exports should continue to improve in 2024.