# Thailand’s economy on a very slow recovery path | articles | ING THINK

> ING says Thailand's manufacturing output rose 4.8% month-on-month in August but remained 9.3% below a year earlier. It forecasts negative third-quarter GDP growth of -8.2% and expects tourism to stay weak until it returns. ING raised its end-2020 USD/THB forecast from 31.50 to 32.00.

- Date: 2020-09-30 · published 2020-09-30T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/51385-thailand-s-economy-on-a-very-slow-recovery-path-articles-ing-think
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A weaker economy and a higher USD/THB forecast point to a softer baht, which could raise the cost of imported feed ingredients priced in dollars for Thai buyers.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- think.ing.com: https://think.ing.com/articles/thailand-economy-on-a-very-slow-recovery-path/

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