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HSBC research says Thailand's new Pheu Thai-led government is likely to boost spending in the first half of 2024, and it raised its fiscal deficit forecast to 4.4% of GDP. HSBC also lowered its current account deficit forecast to 2.2% of GDP, and noted the baht has responded positively to reduced political uncertainty.
Expected fiscal stimulus supports Thai domestic demand, including for meat and feed, but the effect on commodity prices is indirect and the currency view is a modest supportive factor.
en.moneyandbanking.co.thbank financeAug 30, 2023Not 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.
