Asian Stocks Fall as Surging Bond Yields Rattle Markets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Trump, Xi Focus on Trade and AI at White House Summit 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
China Agrees to Buy 20 Million Tons of U.S. Coal 
UK PM Burnham to Unveil Economic Vision at Labour Conference 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
Add as a preferred source on Google
Thailand’s economy likely grew at its fastest pace in over two years in Q4 2023, driven by a surge in foreign tourists and robust exports, despite weak domestic demand. According to a Reuters poll of 15 economists, GDP expanded by 3.9% year-over-year, up from 3.0% in the previous quarter, with forecasts ranging between 3.1% and 4.6%.
Economists highlighted that Thailand’s export sector remained strong, particularly in services, benefiting from a booming tourism industry. However, domestic consumption showed signs of stalling, despite government stimulus efforts. On a quarterly basis, GDP grew a seasonally adjusted 0.7%, slowing from 1.2% in Q3.
Manufacturing faced challenges, with Moody’s economist Eugene Tan citing weakened demand in the auto sector as a key factor. Additionally, private consumption, a major driver of GDP, faltered, signaling broader economic weaknesses.
For 2024, the government projects 3.0% growth, up from 1.9% in 2023. However, Bank of Thailand Governor Sethaput Suthiwartnarueput warned that weak consumer demand might cap growth at around 2.7%, aligning with Reuters’ poll median.
Economic uncertainties remain, with China’s slowdown, weak global demand, and rising U.S.-China trade tensions posing risks. Looking ahead, a separate Reuters poll predicts Thailand’s growth will average 2.9% in 2025, while Deputy Finance Minister Julapun Amornvivat estimates a higher 3.5%.
