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Thailand 2024 Consumer Outlook: Positive Performance Of High Frequency Data Continues To Underpin Stable Growth

Consumer & Retail / Thailand / Tue 12 Dec, 2023

Key View: We hold a positive outlook for consumer spending in Thailand over 2024, as the wider Thai economy recovers and growth figures return to a more stable medium-term trajectory. High-frequency data indicate that consumer confidence has reached a 45-month high, suggesting that consumer spending on big-ticket items will be more likely, as

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No More Rate Hikes In Thailand

Country Risk / Thailand / Mon 30 Oct, 2023

Key View

  • We think that the Bank of Thailand's 25-basis point hike in September will be its last. The next move will be a cut, beginning in H2 2024 at the very earliest.
  • However, the risks lean towards an extended hold. If there are upside price pressures due to supply shocks, this could result in the maintenance of interest rates at multi
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Quick View: BoT Surprise Hike Should Be The Last

Country Risk / Thailand / Wed 27 Sep, 2023

Latest Developments: The Bank of Thailand (BoT) raised its benchmark policy rate by 25 basis points (bps) to 2.50% on September 27.  This was the eighth consecutive hike, and pushed borrowing costs to their highest since 2013 (see chart below). The Monetary Policy Committee (MPC)’s decision was unanimous.

BoT Will Cut Rates In H223

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Thailand's Appetite for LNG Grow As Domestic Gas Output Falls

Oil & Gas / Thailand / Thu 17 Aug, 2023

Key View:

  • Thailand continues to face shortfalls in domestic gas supply as PTTEP struggles to boost production from maturing fields.
  • We have revised our forecast for natural gas consumption higher for 2023 on the back of healthy economic growth outlook and potential demand surge from power sector.
  • New gas processing plants (GSP)s could
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Thailand 2023 Consumer Outlook: Highest Consumer Confidence Since 2020 Indicate Continuous Recovery Trend

Consumer & Retail / Thailand / Thu 08 Jun, 2023

Key View: We forecast a deceleration in real consumer spending growth in Thailand over 2023, from a high base in 2022. Stronger economic growth, lower unemployment and reduced inflationary pressures will support this increase in spending. High-frequency data from late 2022 indicate that consumer confidence was steadily improving, although

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