Strengthening Thai Baht Strangling Thailand’s Economy

The groups are asking for government moves to contain the the gains of the Thai Baht and for the Bank of Thailand (BoT) to cut interest rates.

Strengthening Thai Baht Strangling Thailand’s Economy

BANGKOK – In a joint statement, three leading business associations slashed their 2019 economic growth and export forecasts for Thailand as the Thai Baht continues it strength. The Federation of Thai Industries, the Thai Bankers’ Association and the Board of Trade of Thailand slashed their growth estimate to 2.9% to 3.3% from the 3.7% to […]