Political Turmoil and Economic Strife Shake Investor Confidence in Thailand
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#9b7ff466 ver:0.16

Thailand's political turmoil and economic strife have shaken investor confidence, resulting in a 15% drop in the benchmark stock index and a 12% decline in the combined wealth of the nation's richest. Weak exports have led to a cut in economic growth forecast to 2.4%. Foreign investors remain cautious about Thai bonds due to rising political risks, with global funds buying significantly less compared to other countries. The tensions between the government and the opposition, along with worries about government borrowing, are affecting Thai bonds and the baht. The political uncertainty and market volatility could prevent foreign investors from buying more Thai assets. Goldman Sachs remains bearish on Thai rates and currencies, citing wider fiscal deficit and structural issues in the economy....

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 https://here.news/story/9b7ff466?ver=0.16