Thai growth faces mounting economic headwinds
Thailand faces growing economic challenges from a current account deficit, tight fiscal conditions and uncertainty over trade negotiations with the US, limiting the government's room to drive growth, says Supavud Saicheua, chairman of the National Economic and Social Development Council (NESDC).
Thailand's economic growth is facing mounting challenges, according to Supavud Saicheua, chairman of the National Economic and Social Development Council (NESDC). The country is grappling with a current account deficit, tight fiscal conditions, and uncertainty over trade negotiations with the US, which is limiting the government's ability to drive growth. Despite this, the government still has a limited room for maneuver, with a projected GDP growth of %41–21, down from %52 in the previous year.
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