SCB: Four economic risks to watch in 2018
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The Siam Commercial Bank (SCB) research centre on Monday forecast that the Thai economy would grow 4 per cent year-on-year in 2018 driven by exports, tourism and investment.
However, there were four key risks to growth, the SCB Economic Intelligence Centre warned.
First, the low price of agricultural products, owing to surpluses, will affect most household incomes, further dampening already-low purchasing power.
Second, a persistently strong baht will have an impact on revenues in baht and exporters’ competitiveness.
Third, a labour shortage has the potential to disrupt investment recovery.
Fourth, political uncertainty may result in economic costs. These include tensions on the Korean peninsula, US President Donald Trump and political uncertainty in many EU countries.
