Post by account_disabled on Jan 1, 2024 22:46:46 GMT -6
Mr. Somkid Jatusripitak Deputy Prime Minister Said during a visit to Guangdong Province, People's Republic of China. and the Hong Kong Special Administrative Region on October 25, 2019 that the continued appreciation of the baht is a matter of the Bank of Thailand (BoT), which is in charge of it. while the government cannot interfere or interfere However, the BoT must follow closely. so that the economy can move forward While Mr. Suriya Juangroongruangkit The Minister of Industry said that the strengthening of the baht This is because the drive for the Thai economy to grow continuously is strong. current account surplus Even though exports are slowing down But there is still a continued surplus.
Make the baht stronger For its part, the Ministry of Industry is Country Email List ready to encourage the use of this opportunity to import important machinery and equipment to create private investment in accordance with the policy to promote target industries, which may help reduce the appreciation of the baht. As the government speeds up infrastructure development, the long-term trend will help Thailand escape the middle-income trap like Japan, South Korea, and Taiwan have done. While news sources in the financial industry analyzed that Baht trend at the end of the year It should be at the level of 30.50 baht per US dollar. Reflecting continued appreciation from the beginning of the year, this was due to the trade surplus and current account surplus being the main factors.
The same day, Mr. Jonathan Ostry, Deputy Director for Asia and Pacific, The International Monetary Fund (IMF) issued a report. An overview of the economic trends report in Asia that the IMF forecasts the Thai economic growth rate (GDP) in 2019 to grow 2.9 percent, which is a downward revision from the previous estimate in April 2019. In the past, it was expected to grow 3.5 percent due to the impact of the global economy slowing down as a result of the trade war between the United States and China. and international geopolitical conflicts, while in 2020 it is expected that the Thai economy will expand by 3 percent. However, the IMF sees that Thailand can use fiscal and monetary policy. To support the Thai economy from collapsing.
Make the baht stronger For its part, the Ministry of Industry is Country Email List ready to encourage the use of this opportunity to import important machinery and equipment to create private investment in accordance with the policy to promote target industries, which may help reduce the appreciation of the baht. As the government speeds up infrastructure development, the long-term trend will help Thailand escape the middle-income trap like Japan, South Korea, and Taiwan have done. While news sources in the financial industry analyzed that Baht trend at the end of the year It should be at the level of 30.50 baht per US dollar. Reflecting continued appreciation from the beginning of the year, this was due to the trade surplus and current account surplus being the main factors.
The same day, Mr. Jonathan Ostry, Deputy Director for Asia and Pacific, The International Monetary Fund (IMF) issued a report. An overview of the economic trends report in Asia that the IMF forecasts the Thai economic growth rate (GDP) in 2019 to grow 2.9 percent, which is a downward revision from the previous estimate in April 2019. In the past, it was expected to grow 3.5 percent due to the impact of the global economy slowing down as a result of the trade war between the United States and China. and international geopolitical conflicts, while in 2020 it is expected that the Thai economy will expand by 3 percent. However, the IMF sees that Thailand can use fiscal and monetary policy. To support the Thai economy from collapsing.
