Economic Research
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01 Aug 2014
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Thailand
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Economic
Highlights
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Thailand’s
current account balance in the balance of payments recorded a smaller surplus
of USD0.5bn or 0.6% of GNI in the 2Q 2014, compared with a surplus of
USD8.2bn or 9.2% of GNI in the 2Q and USD2.9bn or 3.2% of GNI in 4Q 2013.
This was due largely to a reversal in the net services & income accounts
into a deficit during the quarter, resulted mainly from a deterioration in
the services account balance. Going forward, Thailand’s current account
position in the balance of payments is projected to reverse into a surplus of
USD8.5bn or 2.4% of GNI in 2014, after registering a deficit of USD2.5bn or
0.7% of GNI in 2013, as the merchandise trade account will likely register a
surplus due to improving exports amid a recovery in global economic
activities.
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Saturday, August 2, 2014
RHB | Thailand | Current Account Surplus Narrowed In 2Q 2014
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