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StanChart optimistic on shipments


StanChart optimistic on shipments
Standard Chartered Bank (Thai) views exports as the key engine to support the Thai economy this year and drive growth next year.
Thailand s exports experienced strong growth at 44% year-on-year in June, up from 38% in May. The country s exports have been growing with a broad base, led by the automotive and electronic sectors. For the year to date, exports have increased more than 10%, supported by a global economic recovery and baht depreciation.
Given vaccination progress worldwide, herd immunity is expected by the end of this year, said the bank.
With the growth of exports, the government needs to contain new infections and speed up vaccinations to prevent the spread from affecting the manufacturing sector and slowing shipments, said Standard Chartered economist Tim Leelahaphan. ....

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Standard Chartered Bank: Looking for a


Thailand s economy is likely to remain subdued due to the COVID-19 pandemic, with a more rapid vaccination rollout and an emerging recovery in the tourism sector to play an important role heading into 2022, says Standard Chartered Bank.
The bank maintains its below-consensus forecast on Thailand economic growth at 1.8% for 2021 and 3.1% for 2022.
The development of the COVID-19 situation and the vaccination rollout are the most influential factors, while a recovery in tourism and a clear stance of monetary and fiscal policies are also key factors that will impact the outlook of the Thai economy this year and set the scene going into next year, said Dr. Tim Leelahaphan, Economist, Standard Chartered Bank (Thai). ....

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Standard Chartered calls for efficient fiscal policy

Standard Chartered calls for efficient fiscal policy
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