The current-account surplus showed they've still got money coming into the country and the currency is undervalued. The current-account surplus certainly isn't under any threat.
The current-account surplus showed they've still got money coming into the country and the currency is undervalued. The current-account surplus certainly isn't under any threat.
There will be some bigger fears about whether the bill for years and years of trade deficits is finally coming due. The outlook is for continued, big current-account deficits.
Growth is beginning to slow among the countries that maintain current-account deficits. In their place, sentiment is picking up strongly in countries that enjoy solid external surpluses.
The story there is more positive, not just from the current-account surplus, but also from the interest-rate side and growth. These will help the baht.
© 2020 Inspirational Stories
© 2020 Inspirational Stories