BoT sees higher baht, hiked funding costs: The Thai economy will face challenges from low global growth, an appreciating currency and higher funding costs in the years ahead, according to economists at the Bank of Thailand. Tarisa Watanagase, the governor of the Bank of Thailand, said the global recovery remained fragile, as seen through relatively high unemployment. But gains in consumption figures in the US and Europe have created optimism about the global recovery. “The timely disbursement of public funds and a recovery of private investment will help to drive economic growth in the short term,” she said. The baht will be more volatile with capital inflows but the central bank sees no need to impose new measures to address speculation, she said.But timely fiscal and monetary expansion in the industrialised economies helped lessen the overall impact. (Bangkok Post)
Thai Economy faces lower growth
I have been living in Thailand for over 20 years and witnessed the many changes the country has undergone since the Asian Financial Crisis. I have spent time in Phuket, Samui, Hua Hin, and Chiang Mai, but I gravitate back to Bangkok when all is said and done. It is here that I spent years running a software development company and teaching at universities. These days I live on the Internet with Bangkok as my base. I never stopped believing in the enormous potential of Thailand's kingdom, which is why I joined the ThaiVest Team.
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