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Thailand records current account deficit of $0.4bn in July

Tourists visit Asiatique The Riverfront, an open-air mall on the banks of the Chao Phraya River on Charoen Krung Road in Bangkok. (Photo: Nutthawat Wichieanbut)

Thailand recorded a current account deficit of US$0.4 billion in July, after a surplus of $1.4 billion the previous month, the Bank of Thailand (BoT) said on Thursday.

Exports, a key driver of growth, dropped 5.5% year-on-year in July, the BoT said in a statement.

The country’s economic recovery remained on…

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