Thai Central Bank Says GDP May Be Worse Than Expected Next Year

Thailand’s gross domestic product could underperform next year if tourism remains weak, even as this year’s economic performance may beat sharply reduced forecasts, the country’s central bank head said Friday.

All reasonable policy options are on the table in such a situation, although there’s currently no need for the central bank to pursue quantitative easing, Bank of Thailand Governor Sethaput Suthiwart-Narueput told reporters at a briefing in Bangkok. Monetary policy will remain accommodative and focused on growth, while fiscal stimulus should remain in place until the middle of next year, Sethaput said.

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