Thailand's current account is expected to register a deficit of around 2% of GDP in the second quarter before rebounding later in the year as global oil prices decline, according to Kiatnakin Phatra Financial Group (KKP).
KKP chief economist Pipat Luengnaruemitchai noted that a current account deficit of 2% of GDP is not yet considered a cause for concern, adding that concerns would arise only if the deficit widened to 4-5% of GDP. However, he said Thailand is not expected to experience a deterioration of that magnitude.
