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Oil biggest risk to Thai growth in Q1

Thailand’s economy should continue its growth in the first quarter, but high oil prices will soften domestic demand, says the Fiscal Policy Office. Rising political instability in the Middle East and North Africa have forced the FPO to raise its forecast for Dubai crude prices, the benchmark for East Asia, by nearly 10% for the current quarter, said Boonchai Charassangsomboon, executive director for the office’s Macroeconomic Policy Bureau.

 

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The Thaivest Editorial Team is a dedicated group of writers and editors with a passion for Thailand's vibrant economy, culture, and lifestyle. With diverse backgrounds in finance, economics, and journalism, we provide valuable insights into living well in Thailand, making money online, and practical tools for navigating its dynamic market. Our mission is to keep our readers informed about the latest developments, opportunities, and challenges in Thailand's economic and cultural landscape. Stay connected with Thaivest for reliable, well-rounded coverage of all things Thai.