Post by account_disabled on Dec 30, 2023 7:11:09 GMT
Krungsri expects the Thai economy to grow 3% in 2020 but is still fragile. 07 November 2019 Mr. Somprawin Manprasert, Assistant Managing Director, Research Division, Bank of Ayudhya, revealed that the Bank has forecast that the Thai economy in 2020 has a chance of expanding at the level of 3%, but is still fragile. There are important risks from factors outside the country. Both the trade war Conflict from the Middle East, etc. “For the end of 2019, it is still seen that the Thai economy will expand at the level of 2.9%, the bank has revised down from the previous forecast at the beginning of the year that it would expand at the level of 3.8%, to a level that very low This shows that the economy is in a downward spiral and is also showing more fragility.
Mr. Somprawin said. However, on B2B Email List November 6, 2019, the Monetary Policy Committee (MPC) reduced the policy interest rate by 0.25% to 1.25% and the Bank of Thailand (BoT) also issued 4 Measures have also been taken to take care of the appreciation of the baht. which the bank views as appropriate and able to help support the economy As seen that on the same day after the monetary policy was announced, the baht immediately weakened. However, it is seen that the baht still has a chance to strengthen again. This is because foreign investors still view Thailand as a safe market for investment.
At the same time, the Bank still views that the finance sector is continuously taking care of the economy. From the recent measures, especially the taste-shop-use project, which the public is very interested in, however, the Bank still sees that fiscal tools can still be done. both from increasing government spending and tax policies, such as reducing personal income taxes like the United States does, etc.
Mr. Somprawin said. However, on B2B Email List November 6, 2019, the Monetary Policy Committee (MPC) reduced the policy interest rate by 0.25% to 1.25% and the Bank of Thailand (BoT) also issued 4 Measures have also been taken to take care of the appreciation of the baht. which the bank views as appropriate and able to help support the economy As seen that on the same day after the monetary policy was announced, the baht immediately weakened. However, it is seen that the baht still has a chance to strengthen again. This is because foreign investors still view Thailand as a safe market for investment.
At the same time, the Bank still views that the finance sector is continuously taking care of the economy. From the recent measures, especially the taste-shop-use project, which the public is very interested in, however, the Bank still sees that fiscal tools can still be done. both from increasing government spending and tax policies, such as reducing personal income taxes like the United States does, etc.