Thailand: Current Account Surplus Will Fall Short Of Historical Levels
Country Risk / Thailand / Wed 08 May, 2024
Key View:
- We think that Thailand will now run a wider surplus of 2.9% of GDP compared to our previous forecast of 2.6%. Still, this will be just shy of the pre-Covid size.
- Global demand prospects are improving which bodes well for Thailand’s export performance.
- The one key factor holding back the country’s external health is tourism. Even if