BoT head decries influx of Chinese goods

Quick Summary:

The influx of Chinese goods has significantly affected Thailand's manufacturing growth and constrained loan expansion in the banking sector, says the Bank of Thailand's chief.

Key factors contributing to this uncertainty include changes in US policies under the new administration, such as tariff policies that are likely to impact global trade and supply chains," said Mr Sethaput.

From 2012 to 2020, average growth rates for manufacturing and domestic consumption were 1.6% and 1.8%, respectively.

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Article Details

Category: EconomyBusiness

Markets: ThailandIndonesiaMalaysiaPhilippinesVietnam

Topics: Domestic Consumption Economic Thailand Sethaput Manufacturing Growth Chinese Policies 2020 Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-04 @ 04:45:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 518 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 24104465

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