A foreign exchange bank teller counting Thai baht banknotes in Bangkok, Thailand. Getty Images The Thai baht has soared against the US dollar this year, far more than many other emerging market currencies. This strength, however, is causing concern as the country’s domestic economy weakens, analysts said. Since the start of this year, the Thai […]
Month: July 2019
Strengthening the Thai baht strangling Thailand’s economy
BANGKOK – In a joint statement, three major trade associations cut their economic growth and export forecasts for Thailand for 2019 as the Thai baht continues to strengthen. The Federation of Thai Industries, the Thai Bankers Association and the Thailand Board of Trade reduced their growth estimate from 2.9% to 3.3%, from 3.7% to 4.0% […]