Post by ehsanulh125 on Jan 8, 2024 4:11:26 GMT -5
On January 8, 2019, the FTI held a press conference for the monthly meeting. February 2019, the issues can be summarized as follows: The direction of the Thai economy in 2018 is expected to expand at 4.1% as a result of economic numbers in the 4th quarter that were affected by exports. and public investment while private consumption and private investment continues to maintain good growth. and is expected to be a driving force for the economy in 2019 to expand within the FTI's projection of 4.0-4.3%. In this regard, the issue of trade war and the world economy is likely to grow at a slower pace.
It is expected that Thai exports in 2019 may Buy Bulk SMS Service expand at a slower pace, falling within the FTI's projection of 5-7%, compared to an expansion of 6.7% in 2018. In addition, the FTI is concerned about the value of the baht, which is still likely to strengthen in the first half of the year. If the baht continues to strengthen It will also affect the trend of Thai exports in 2019. Since the beginning of 2019 until February 1, 2019, the baht has strengthened by 3.4%, the second-highest appreciation in the region, second only to the rupiah. Indonesia, which strengthened 3.7% during the same period. which the appreciation of the baht It is a result of the dollar factor. Depreciated due to lack of support (after the US Federal Reserve signals a reduced chance of interest rate increases) Image source: Bloomberg For other important economic indicators, travel It is expected that the number of foreign tourists visiting Thailand in 2019 will grow at a rate similar to that in 2018 at 7.5% following an increase in tourists in important markets.
Including Chinese tourists who should gradually see a clearer recovery. This is the result of the cooperation of all parties involved. Going forward, the FTI meeting will follow the situation both domestically and abroad, whether it be the results of the general election and the formation of a new government. Progress on the US-China trade dispute and uncertainty regarding Brexit as well as the direction of the baht's movement. To evaluate the impact on the Thai economy and business.
It is expected that Thai exports in 2019 may Buy Bulk SMS Service expand at a slower pace, falling within the FTI's projection of 5-7%, compared to an expansion of 6.7% in 2018. In addition, the FTI is concerned about the value of the baht, which is still likely to strengthen in the first half of the year. If the baht continues to strengthen It will also affect the trend of Thai exports in 2019. Since the beginning of 2019 until February 1, 2019, the baht has strengthened by 3.4%, the second-highest appreciation in the region, second only to the rupiah. Indonesia, which strengthened 3.7% during the same period. which the appreciation of the baht It is a result of the dollar factor. Depreciated due to lack of support (after the US Federal Reserve signals a reduced chance of interest rate increases) Image source: Bloomberg For other important economic indicators, travel It is expected that the number of foreign tourists visiting Thailand in 2019 will grow at a rate similar to that in 2018 at 7.5% following an increase in tourists in important markets.
Including Chinese tourists who should gradually see a clearer recovery. This is the result of the cooperation of all parties involved. Going forward, the FTI meeting will follow the situation both domestically and abroad, whether it be the results of the general election and the formation of a new government. Progress on the US-China trade dispute and uncertainty regarding Brexit as well as the direction of the baht's movement. To evaluate the impact on the Thai economy and business.
