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ING expects Thailand's economy to keep contracting because exports and tourism remain weak. It says political risk is rising and expects the baht to stay among Asia's weakest currencies through the year.
Covid-19 stimulus totals 14.5% of GDP, and the policy rate is at 0.50%.
A weaker baht outlook raises the local-currency cost of imported feed ingredients for Thai buyers.
think.ing.comSep 10, 2020Not 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.
