Thailand risks missing its growth target next year if President-elect Donald Trump follows through with his pledge to raise tariffs on imports into the US as it could hurt the Southeast Asian nation’s exports and weaken its currency, according to a study.
Thailand’s economy could potentially lose about 160.5 billion baht ($4.6 billion), shaving off about 90 basis points from its projected 3% gross domestic product growth next year, Thanavath Phonvichai, president of the University of the Thai Chamber of Commerce, told a briefing on Wednesday.