0258 GMT - Moody's Ratings downgradeds Thailand's outlook to negative from stable to reflect the risk that economic and fiscal strength will weaken further. "U.S. tariffs are likely to weigh significantly on global trade and global economic growth," affecting the open Thai economy, it says. There is significant uncertainty over tariffs on Thailand and other countries, a shock that exacerbates an already sluggish post-pandemic recovery. The Myanmar earthquake poses another risk, and Moody's cuts its 2025 real GDP growth forecast for Thailand to about 2% from 2.9%. Moody's affirms Thailand's Baa1 ratings, citing moderately strong institutions and governance that support sound monetary and macroeconomic policies. It notes Thailand's track record of keeping prices low and stable, and inflation expectations anchored, a sign of monetary policy effectiveness. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
April 29, 2025 22:59 ET (02:59 GMT)
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