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Fitch eyes local bank strains
Bangkok Post
|October 02, 2025
Fiscal buffers eroded in recent years
Thailand faces increasing pressure from the global economic slowdown, attributed to the impact of US tariffs, the decline in its fiscal buffer and domestic political uncertainty, according to Fitch Ratings.
Speaking at the company’s annual seminar yesterday, Thomas Rookmaaker, senior director of the sovereigns group for APAC at Fitch Ratings Hong Kong, said Fitch expects global growth to decelerate to 2.4% this year, down from 2.9% in 2024, amid evidence of a US slowdown.
Greater clarity has emerged on US tariff policy, pointing to headwinds for most of Asia where exports are a key growth engine.
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