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Thailand’s Central bank considering reduction of export and GDP projections next month

14 Sept 02:03 Key points summarised by AI

Thailand's central bank (BoT) is set to revise its GDP and export growth forecasts downwards next month, driven by increasing global economic volatility.
The escalating US-China trade war presents a complex challenge for Thai exports, creating both opportunities for some sectors and significant headwinds for others.
Domestic political uncertainty is also a key factor, potentially hindering new investments and further impacting the country's economic growth prospects.
The BoT urges Thai exporters to diversify into new markets and maintain robust forex risk management strategies amidst the volatile value of the baht.

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.