As one of the biggest beneficiaries of rising consumption in ASEAN and the Cambodia, Laos, Myanmar, and Vietnam (CLMV) market, Thailand has seen regional trade become an increasingly critical trade growth driver. Although the country was not a signatory to the Trans-Pacific Partnership (TPP) free trade agreement (FTA) – which all but collapsed...
Given its low penetration rates, ageing society and the trend towards increased liberalisation, the Thai insurance sector has significant potential and growth is expected to be steady in the coming years. Thais are becoming more interested in savings and wealth-related products, and over time it is also likely that they will have a better...
Although stable, liquid and profitable, Thailand’s banking sector saw growth moderate in 2016 as rising defaults in the highly leveraged consumer and small business segments weighed on lending growth. Large corporate lenders have increasingly turned to alternative financing channels, most notably the short-term bond market, further impacting...
Thailand has benefitted from decades of rapid industrial development to become an upper middle-income economy, with GDP growth averaging more than 7% from the 1950s to the 1990s. However, more recent decades have been marked by an ongoing struggle to escape the middle-income trap. Growth sank in 2014 following a military coup, although...
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