# Thailand macro update – Sinking into recession | articles | ING THINK

> 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%.

- Date: 2020-09-10 · published 2020-09-10T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/51390-thailand-macro-update-sinking-into-recession-articles-ing-think
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

A weaker baht outlook raises the local-currency cost of imported feed ingredients for Thai buyers.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- think.ing.com: https://think.ing.com/articles/thailand-macro-update-sinking-into-recession/

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