Key View

• Boku's extension of its M1ST mobile payments platform into Thailand, through agreements with TRUE and LINE, is positive for Asia's fastest-growing electronic payments market.
• The move exposes Thailand's large and fast-growing mobile payments users to more online-only vendors, both within Thailand and globally.
• It also poses both an

Key View

• We at Fitch Solutions forecast the Thai economy to grow 3.7% in 2022, revised slightly down from 3.9%, reflecting slightly reduced base effects.
• In Q321, the economy contracted 1.1% q-o-q, but this proved less than expected and domestic consumption activity is proving strong in Q421, leading us to revise up our 2021 real GDP growth

Key View

• We expect Thailand to continue its strong renewables growth momentum over the coming decade, as the government continues to advance their drive towards sustainability.
• Thailand’s growing agriculture and bio-based industries, supported by its five-year economic recovery model, will play a key role in the country’s acceleration of

Key View

• We at Fitch Solutions have revised down our forecast for Thailand’s real GDP growth from 1.9% to 0.9% in 2021, owing to a small contribution from net exports.
• Rising import costs, supply-chain disruptions and slowing Chinese growth will see net exports rebound less than we had forecast, and we maintain our outlook for subdued private

Key View

• We at Fitch Solutions believe the Bank of Thailand (BoT) will keep its key policy rate on hold at 0.50% through Q421 and 2022, as it looks to maintain an accommodative stance amid Thailand’s economic struggles.
• Inflation will average lower amid economic disruptions and we have revised our forecast from 1.0% to 0.6% in 2021, whilst

Key View

• Thailand will see an increase in deployment of digital health.
• Thailand offers a conducive environment for investment in digital health.
• Headwinds will slow the update of digital health.

Thailand will see an increase in deployment of digital health with the aim to enable early-stage interventions that can improve health as

Key View: In our recently updated Autos Production Risk/Reward Index, Thailand remains a regional and global outperformer. This is due to low average wages and a sound autos policy that offers automakers an attractive autos production base. The country's well established autos production industry reflected in its already large autos production

Key View

• Clinical research will continue to grow in Thailand as multinational pharmaceutical firms will remain attracted to the country's low cost base.
• The large and diverse population has also been a key positive for the country, with many companies taking advantage of this large patient pool.
• However, the lack of government support will

Key View

• We at Fitch Solutions have revised down our economic growth forecast for Thailand, from 3.0% to 1.9% in 2021, before rebounding modestly to 3.9% in 2022 (revised from 3.5% prior).
• Thailand’s growth surprised to the upside in Q221, coming in at 0.4% q-o-q and 7.5% y-o-y, but we expect the surge in Covid-19 cases and resultant lockdown