Post by account_disabled on Jan 8, 2024 1:02:52 GMT -5
Krungthai expects the Thai economy to continue growing this year at 4.1%, with private and government investment expanding as the driving force. Keep an eye on the US-China trade war Will it become more severe or not? Advising the business sector to manage risk and be ready to adapt in the era of disruption. Mr. Pacharapoj Nantaramas, Senior Director of Global Business Development and Strategy, Krung Thai Bank, revealed that Krungthai Macro Research expects the Thai economy to grow 4.1% this year, slowing down. down slightly from 4.3% last year, with the main factor driving the economy changing from exports and tourism It is private and government investment that is expected to expand and accelerate in the latter part of the year. from infrastructure investment projects and the Eastern Economic Corridor (EEC) project, including government measures to take care of the grassroots economy. It will help increase the purchasing power of the household sector. It is expected that exports will grow 4.0%, tourism will grow 4.5%, public investment will grow 7.2%, private investment will grow 5.5%, inflation will be 1.0%, credit will grow 5.0%, and the baht will end the year at 31.00 baht per US dollar.
Krungthai Macro Research assesses increased risks to the global economy. Factors that need to be monitored include the trade war between the United States and China, which is at risk of becoming more intense. as well as the slowdown of the Chinese economy. It is expected that the manufacturing sector will slow down until at least the first quarter of 2019. This may hinder the growth of the export sector. and Thai tourism. As for interest rates in Thailand, it is expected that the policy interest rate will be raised again in the third quarter of this year by another 0.25% to the level Email Marketing List of 2.00%, with the view that raising interest rates this year will be more difficult due to inflation that is still low. at a low level And the increase in the policy interest rate, we think, will cause the MLR loan interest rate to increase by 0.16-0.24%, which, although it will not increase the costs of entrepreneurs much. But it is also a factor that must be prepared to deal with. “We think that this March It is an important month with many factors that can cause a lot of volatility.
Whether the trade war negotiations between the United States and China are due, the case of Brexit, or even the Thai elections. Therefore, it is a time when entrepreneurs or investors must be more careful. Hedging risks would be a good choice. In addition, there are factors that entrepreneurs must be prepared to deal with, such as the global economic slowdown. and trade war causing unclear demand This may cause a decrease in financial liquidity. Including dealing with technological disruption in the long term.” Mr. Kittipong Ruanthip, Deputy Director of the Global Business Development and Strategy Division, said that important domestic economic policy changes this year include raising the policy interest rate one more time to Level 2% Enforcement of the Bank of Thailand's mortgage control measures in April. and the expiration of tax benefits from investing in LTF mutual funds, etc.
Krungthai Macro Research assesses increased risks to the global economy. Factors that need to be monitored include the trade war between the United States and China, which is at risk of becoming more intense. as well as the slowdown of the Chinese economy. It is expected that the manufacturing sector will slow down until at least the first quarter of 2019. This may hinder the growth of the export sector. and Thai tourism. As for interest rates in Thailand, it is expected that the policy interest rate will be raised again in the third quarter of this year by another 0.25% to the level Email Marketing List of 2.00%, with the view that raising interest rates this year will be more difficult due to inflation that is still low. at a low level And the increase in the policy interest rate, we think, will cause the MLR loan interest rate to increase by 0.16-0.24%, which, although it will not increase the costs of entrepreneurs much. But it is also a factor that must be prepared to deal with. “We think that this March It is an important month with many factors that can cause a lot of volatility.
Whether the trade war negotiations between the United States and China are due, the case of Brexit, or even the Thai elections. Therefore, it is a time when entrepreneurs or investors must be more careful. Hedging risks would be a good choice. In addition, there are factors that entrepreneurs must be prepared to deal with, such as the global economic slowdown. and trade war causing unclear demand This may cause a decrease in financial liquidity. Including dealing with technological disruption in the long term.” Mr. Kittipong Ruanthip, Deputy Director of the Global Business Development and Strategy Division, said that important domestic economic policy changes this year include raising the policy interest rate one more time to Level 2% Enforcement of the Bank of Thailand's mortgage control measures in April. and the expiration of tax benefits from investing in LTF mutual funds, etc.