Post by account_disabled on Dec 29, 2023 23:12:06 GMT -5
There is a greater proportion of consumer products. which is still unable to find sources of products from other countries to replace Chinese products in a short period of time including the US agricultural sector itself was affected by China stopping imports. Because the United States There will be a presidential election in November 2020, so it is believed that President Donald Trump will have to focus on the growth of the domestic economy as well. In addition to getting votes from the trade war with China alone. If such a situation occurs, there will be an opportunity for the global economy to recover, which SCBS estimates is likely to occur no later than the first quarter of 2020 in order to provide US economic figures. Recover in time for the election For the latest forecast of global GDP growth rate in 2020, the IMF expects it to be at 3.4%, while the US economy Growth is expected to be a modest 2.1%, down from 2019's expected growth of 2.4%. The Eurozone is at 1.4%, Japan is 0.5% and China is 5.8%,
Which is the first time in nearly three decades. that China's growth rate is less than 6% CONTENT-3-28 New risk issues that may arise in 2020 include the US-China trade war. It has escalated into a technological war. Currency war and financial war If this spreads, it will become a new economic risk. The next issue is if Britain leaves the EU without a deal. While still needing to follow up on tariff measures on automobiles Telegram Number Data and parts between the United States with the European Union Japan must monitor the impact of the consumption tax increase and the conflict with South Korea. For the Thai economy in 2020, GDP is expected to expand by 2.8%, similar to 2019, while Thailand's policy interest rate has a chance to be reduced by at least 0.25% to 1.25% as inflation remains below 1%. The value of the baht It is expected to remain stable at 30-31 baht per US dollar. The factor pressuring the Thai economy is still exports that are slowing in line with the world economy. But the rate of slowdown is expected to not be as severe as in 2019. Factors supporting economic growth include both public and private investments that are expected to expand better than in 2019 due to an increased budget and the government has more time to work.
Fully Domestic consumption remains an important pillar of growth. This is supported by measures to stimulate consumption that are expected to be periodic. SCBS estimates that the establishment of the Fiscal Policy Committee will have a positive impact on economic policy implementation in 2020 because consistent policies will create the highest efficiency. Especially during important times Therefore, it is possible that the Bank of Thailand has an opportunity to relax policies that were previously tight to help increase economic growth without creating risks to economic stability as well. In summary, 2020 is still a year where the global and Thai economies have a low rate of expansion and inflation as the economic cycle enters a slowdown period. As for the trade war If this continues, it will increase the risk of a deeper, faster and more severe recession. It remains to be seen how effective the financial easing measures of the United States, Europe, and China will be. In addition to the United States Another hope is that the trade war will be slowed down by the US Federal Reserve. Recently, attention has been turned to the crisis in investor confidence in financial markets through the movement of US bond yields. which is used as an indicator of the occurrence of future economic recessions the US Federal Reserve Being able to reduce the worries of financial markets would greatly help resolve the confidence crisis.
Which is the first time in nearly three decades. that China's growth rate is less than 6% CONTENT-3-28 New risk issues that may arise in 2020 include the US-China trade war. It has escalated into a technological war. Currency war and financial war If this spreads, it will become a new economic risk. The next issue is if Britain leaves the EU without a deal. While still needing to follow up on tariff measures on automobiles Telegram Number Data and parts between the United States with the European Union Japan must monitor the impact of the consumption tax increase and the conflict with South Korea. For the Thai economy in 2020, GDP is expected to expand by 2.8%, similar to 2019, while Thailand's policy interest rate has a chance to be reduced by at least 0.25% to 1.25% as inflation remains below 1%. The value of the baht It is expected to remain stable at 30-31 baht per US dollar. The factor pressuring the Thai economy is still exports that are slowing in line with the world economy. But the rate of slowdown is expected to not be as severe as in 2019. Factors supporting economic growth include both public and private investments that are expected to expand better than in 2019 due to an increased budget and the government has more time to work.
Fully Domestic consumption remains an important pillar of growth. This is supported by measures to stimulate consumption that are expected to be periodic. SCBS estimates that the establishment of the Fiscal Policy Committee will have a positive impact on economic policy implementation in 2020 because consistent policies will create the highest efficiency. Especially during important times Therefore, it is possible that the Bank of Thailand has an opportunity to relax policies that were previously tight to help increase economic growth without creating risks to economic stability as well. In summary, 2020 is still a year where the global and Thai economies have a low rate of expansion and inflation as the economic cycle enters a slowdown period. As for the trade war If this continues, it will increase the risk of a deeper, faster and more severe recession. It remains to be seen how effective the financial easing measures of the United States, Europe, and China will be. In addition to the United States Another hope is that the trade war will be slowed down by the US Federal Reserve. Recently, attention has been turned to the crisis in investor confidence in financial markets through the movement of US bond yields. which is used as an indicator of the occurrence of future economic recessions the US Federal Reserve Being able to reduce the worries of financial markets would greatly help resolve the confidence crisis.