R&I expected Thailand to still suffer from a current account deficit this year due to decreased revenue from the tourism industry, higher transportation costs, a shortage of semiconductors, and China’s new round of Covid-19 lockdowns.
However, the current account deficit situation was expected to improve next year as the tourism sector was recovering and energy costs were declining.
Thailand’s external finance sector has remained strong due to the country’s large foreign exchange reserves and high liquidity.
However, R&I voiced concern over the country’s political uncertainty that could affect its economic policies.
