The Thai economy might expand at a rate below the government’s target of 2.8% this year and the 2025 growth estimate of 3% will be under pressure if former president Donald Trump wins the US election on Nov 5, says financial services company Allianz.
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The Thai economy might expand at a rate below the government’s target of 2.8% this year and the 2025 growth estimate of 3% will be under pressure if former president Donald Trump wins the US election on Nov 5, says financial services company Allianz.
Allianz, headquartered in Munich, Germany, anticipates Thailand’s economic growth reaching 2.7% this year and 3.2% in 2025, thanks to resilient domestic demand, an improving job market and strong retail sales, said chief economist Ludovic Subran.
“Thailand’s policy mix is expected to support this growth, with the Bank of Thailand cautiously easing monetary policy in the context of low inflation. However, the government must strike a balance between easing measures and…