Trump presidency offers mixed bag for Thailand

Quick Summary:

With Donald Trump's victory in the US presidential election, the Finance Ministry believes his policies will bring both opportunities and challenges for the Thai economy.

This would cause the baht to depreciate against the dollar, leading to capital outflows from Thailand's bond market in search of higher bond yields in the US, he said.

Meanwhile, inflation in Thailand may trend upwards based on rising oil prices or commodities sourced from the US, which are expected to become more expensive, said Mr Pornchai.

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Article Details

Category: EconomyBusiness

Markets: ThailandChina

Topics: Trump Thailand Pornchai Policies Economy Policy Thai Inflation Markets Investment Exports

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-08 @ 05:37:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 382 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © Bangkok Post

News ID: 23466001

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 15 posts per day

Year Established: 1946

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News Last Updated: 6 hours ago

Coverage Areas: Thailand

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Publisher ID: #66

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