The economic fallout from renewed border clashes between Thailand and Cambodia should remain modest. Trade between the two countries is small, and Thailand’s tourism sector should be insulated given that the fighting is far from the country’s main hotspots. The key risk is that Trump introduces tariffs on Thailand for breaking the ceasefire he helped broker. Experience elsewhere in the region suggests that punitive tariffs could have a significant impact on GDP growth.
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