# “HSBC” evaluates the new Prime Minister with policies to stimulate spending that must keep an eye on the effect on “inflation” - Money & Banking Magazine

> 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.

- Date: 2023-08-30 · published 2023-08-30T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/34845-hsbc-evaluates-the-new-prime-minister-with-policies-to-stimulate-spending-that
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bearish ▼

## Sources

- en.moneyandbanking.co.th: https://en.moneyandbanking.co.th/2023/58347/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.