New government’s stimulus plans come with higher debt risk, says Fitch Ratings
PUBLISHED : 16 Sep 2023 at 04:00
Thailand’s economic recovery could be constrained by a global slowdown, while the new coalition government’s economic stimulus policies could lead to higher government debt, according to Fitch Ratings analysts.
Thai banks are expected to have some ratings headroom because of their improving financial performance, as well as, in some cases, expectations of government or shareholder support, Fitch analysts said at the company’s recent annual conference on Thailand.
The agency forecasts a mild recession in the US later this year and below-trend growth in Europe, as developed…
