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Thailand is heading for a rare back-to-back current account deficit as tourism outlooks weaken with rising Covid cases and energy import bills climb with soaring oil prices. Bank of Ayudhya expects a $4.6 billion shortfall this year, with several banks forecasting similar deficits.
A widening Thai external deficit adds pressure on the baht, raising the local cost of imported feed ingredients, while higher oil and freight costs also lift feed production expenses.
bangkokpost.comBloombergMar 22, 2022Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, WTI moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
