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Thailand's baht forecasted to strengthen, spurring economic growth

EditorOliver Gray
Published 09/24/2023, 08:52 PM
© Reuters.

Economic strategists anticipate a potential resurgence of Thailand's national currency, the baht, driven by recent growth initiatives announced by Prime Minister Srettha Thavisin. According to predictions by Ebury and Societe Generale (OTC:SCGLY) SA on Monday, the baht is expected to strengthen by over 5% and reach 34 per dollar by the end of 2023.

A stronger baht is predicted to have a positive impact on Thailand's economy. Krungsri Securities Co. suggested on Monday that a stable baht would bolster sovereign debt and alleviate strain on domestic stocks. The measures introduced by the newly appointed Prime Minister are expected to stimulate this growth, leading to an overall economic uplift.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

You had a 50% chance or being correct but you did not see the Chinese are staying home because their economy is in the toilet. Until that changes the THB will continue to underperform the USD.
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