The authorities in Thailand this week unveiled a couple of further measures designed to put downward pressure on the currency. But unless more is done to reduce the country’s large current account surplus, upward pressure on the baht is unlikely to abate. In its annual budget the Malaysian government today widened its deficit target for next year from 3.0% to 3.2% of GDP. But while the headline figures point to a modest loosening, fiscal policy is likely to act as a major drag on growth next year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services