External Deficit No Risk To Growth

May 2006
Asia Monitor: South East Asia Monitor Volume 1;May2006, Vol. 17 Issue 5, p1
Country Report
Country Report
The article reports on Thailand's current-account deficit. The deficit is likely, according to estimates, to widen around $1.6 billion or 1.5% of GDP. The main reason of the progressing deficit is that goods import expansion continues to outstrip that of exports. It discusses the costs of purchasing foreign capital goods for financing of large-scale construction work as part of Thailand's Mega-Project Investment Plan, and imports of raw materials and intermediate goods. It also mentions the delay of balancing the current account by the postponement of Thailand's plans to sign free-trade agreements with Japan and the United States.


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