‘Overshooting’ baht raises fears of sluggish growth
With the stronger baht constraining Thai economic growth, other small emerging market economies are facing the risk of recession, economists warn.
Teerana Bhongmakapat, former dean of economics at Chulalongkorn University, expressed concern about the baht’s rise against the US dollar and regional currencies. “The overshooting baht doesn’t align with economic fundamentals and could hurt growth,” he told The Nation.
Wichit Chaitrong
