Thai economy’s competitiveness is declining, central bank says

Thailand’s economic landscape is facing some significant headwinds, according to a recent statement from the nation’s central bank. On Wednesday, January 7, the central bank highlighted a concerning trend: a sustained decline in the country’s economic competitiveness.

This dip in competitiveness is particularly worrisome as it’s expected to cast a shadow over Thailand’s crucial export sector. With global trade dynamics constantly shifting, the impact of U.S. tariffs is specifically noted as a factor that could negatively affect Thai exports.

The central bank’s warning signals a period of challenges ahead for the Thai economy, urging attention to strategies that can bolster its standing on the international stage and mitigate the adverse effects of these external pressures.

Source: Original Article