Economists forecast the value of the baht could plunge to 38 to the US dollar this year, mainly attributed to a stronger dollar as the Federal Reserve pursues a hawkish monetary policy.
BANGKOK: Thailand's economy expanded at the fastest pace in a year in the second quarter as eased COVID-19 restrictions boosted activity and tourism, reinforcing views that more rate hikes will be needed to curb inflationary pressures.
Thailand's economy expanded at the fastest pace in a year in the second quarter as eased Covid-19 restrictions boosted activity and tourism, but multi-year high inflation and China's slowdown remain a drag on the nascent recovery.