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Kasikorn Research projects the baht could fall to 37 per dollar over the coming year, linked to a weak Thai economy and delayed U.S. rate cuts. Q4 2023 GDP grew 1.7% year-on-year, and government growth estimates for 2023 were cut to 1.9%.
K-Research also lowered its 2024 growth forecast to 2.6%.
A forecast of baht weakness toward 37 would raise the dollar cost of imported feed ingredients for Thai livestock and poultry producers.
thethaiger.comAlex MorganFeb 21, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
