Thailand's trade account in balance in July, central bank says
Thailand's trade account was in balance ‌in July, the Bank of Thailand said on Monday.
Thailand's trade account was in balance in July, according to the Bank of Thailand. Exports increased by 22.3% compared to the previous year, while imports rose by 35.5%, resulting in a $1.6 billion deficit in the current account for the month. Private consumption grew by 1.2% month-over-month, but private investment declined by 0.3% from June.
The economy expanded in July compared to June, but the central bank noted that the recovery would be uneven. Earlier this month, the central bank maintained its key interest rate at 1.00%, citing low and uneven economic growth. In June, the central bank had projected an annual economic growth rate of 2.3%, which was close to last year's 2.4% growth.
The bank also forecasted a growth rate of 1.8% for 2027. Thailand, Southeast Asia's second-largest economy, expanded by 1.9% annually in the second quarter of 2026, a significant drop from 2.8% growth in the previous quarter.
Written by urgent.news from Bangkok Post Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
