Declining competitiveness, loan growth dent GDP outlook

Quick Summary:

The deteriorating competitiveness of Thai automotive companies coupled with contracting loan growth and uncertainty regarding US president-elect Donald Trump's trade policies pose threats to the Thai economy next year, say economists who downgraded the nation's GDP growth outlook.

The auto industry faces growing competition in the electric vehicle segment, while other sectors have been slow to adapt to fast-changing manufacturing technology, he said.

Thailand's ageing population also pressures GDP growth prospects as the labour supply decreases, noted the brokerage.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaIndiaVietnam

Topics: First Thai Growth Pipat Policies Industry Thailand Trump Trade Domestic Three

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

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

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Bangkok Post

News ID: 24105282

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Main Topics: EconomyBusiness

Official Website: bangkokpost.com

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Year Established: 1946

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News Last Updated: 2 hours ago

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Publisher ID: #66

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