lower current account 2) Central bank monetary policy - gradual tightening of monetary policy could help ease pressure on Thai Baht. However, over- tightening could lead to rise in Thai money market rates
improvements but certain limitations still remain 1) Structural problems in the Thai economy leading to a still low level of private consumption 2) The appreciation of Thai Baht due to the high current account
negatively impact export and investment 3) Less surplus of Thailand’s current account due to rising oil price from geopolitical risk especially in the Middle East and 4) Normalizing of interest rates
current account due to rising oil price from geopolitical risk especially in the Middle East and 4) Normalizing of interest rates, reflected from the Bank of Thailand (BOT) signal in considering the
export and investment 3) The increase in oil prices due to geopolitical tension, particularly in the Middle East, which negatively impact the current account surplus as well as leading to higher inflation
the decline in import of capital goods and the number of registered vehicles. Public spending excluding transfers contracted yoy from current expenditures while capital expenditures grew from the
import of capital goods and the number of registered vehicles. Public spending excluding transfers contracted yoy from current expenditures while capital expenditures grew from the expenditures of state