U.S. trade policy from the global tariff wall on April 2, 2025 . It has a shaking impact on the world. As a result, the financial world is “heavily turbulent”, investors sell risky assets. “Safe haven” has increased, and investment in various countries, including Thailand, may be affected by the “uncertainty” from Trump’s policies.
Mr. Sakkapop Panyanukul, Assistant Governor Monetary Policy Division The Bank of Thailand (BOT) said at a media briefing that it acknowledged the impact on global trade policy on the Thai economy due to Donald Trump’s tariff measures. This US president is a big shock to the world
It will also be a shock that will last for Thailand and other countries for a long time, and it will change the fundamentals of the economy and affect Thailand in many ways.
The BOT believes that the impact of this tariff measure is not over yet, but it has just begun, and the impact of the shock will continue to be seen after this.
The next shock was a shock through the global financial market, where asset prices fluctuated heavily and domestic financial conditions tightened. Not only that, but it also has the impact of sectoral export shocks, slowdowns in global exports and trade, and a slowdown in global demand, or a global demand shock, which has caused global commodity prices to decline.
In terms of the impact on the economy or the expansion of the Thai economy, the BOT believes that the impact is large and long-lasting and has a deep impact on many sectors, especially the “export sector” where exports to the United States are quite large. As well as the impact transmitted to various aspects
This will result in the Thai economy in 2025 being lower than the 2.5% level estimated at the Monetary Policy Committee (MPC) meeting. On February 26, 2025 , from the previous estimate of 2.9%.
Although this is not yet an adjustment to the Thai economic forecast, there is a chance that the Thai economy will be affected more than expected
However, We have to wait for the new estimates on April 30. This time, the figures for GDP, exports and inflation will also be adjusted down due to the impact of tariff measures
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