Trump victory poses threat to Thai economic growth

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The Thai economy might expand at a rate below the government's target of 2.8% this year and the 2025 growth estimate of 3% will be under pressure if former president Donald Trump wins the US election on Nov 5, says financial services company Allianz.

Thailand's high debt ratio, 91% of nominal GDP, remains one of the highest in the region," Mr Subran said.

Gross financial assets declined by 1.9% in 2023, marking the first decline since the 2008 global financial crisis.

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Article Details

Category: EconomyBusiness

Markets: ThailandGermany

Topics: Subran Economic 2025 Financial Bank Thailand Trump Wins Growth Policy Strong

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-26 @ 04:00:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 521 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Bangkok Post

News ID: 23247306

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 19 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 4 hours ago

Coverage Areas: Thailand

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Publisher ID: #66

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