Posted 2/22/2024, 9:40:00 PM
Thailand Losing Economic Momentum as Exports Struggle and Structural Challenges Mount
- Thai exports have lost competitiveness, with rice market share falling over 50% in 20 years
- Structural obstacles are increasingly hampering Thai economic growth
- Export growth in electronics lags regional peers like Vietnam and Philippines
- Domestic manufacturing faces more competition from Chinese imports
- Bank of Thailand held policy rate and kept tight loan-to-value measures to avoid property speculation