webfact Posted January 24, 2022 Share Posted January 24, 2022 Research shows most people fear that the inflationary situation will continue for more than a year. (photo by @helloimnik) By Thai PBS World’s Business Desk Amid the rising cost of living and uncertain economic prospects, more people are starting to talk about the risk of stagflation, a scenario marked by high inflation and high unemployment with the stagnation of economic output. The rising cost of food, utilities, and transportation are a worry for consumers across the country. Food vendors upcountry have had to adjust their menu, turning away from pork to local stuff, such as frogs. Some vendors are even opting for crocodile meat, which is cheaper, according to local media. “While Bangkokians are worried about the continually rising cost of living, those whose monthly income is less than Bt15,000 are suffering the most compared with other groups; 36 percent of them said their expenses had gone up by 20 percent compared to the latter months of last year before prices of goods started rising,” Kasikorn Research Centre said. Full story: https://www.thaipbsworld.com/is-thailand-facing-the-risk-of-stagflation/ -- © Copyright Thai PBS 2022-01-24 - Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. - Follow ASEAN NOW on LINE for breaking COVID-19 updates 5 Link to comment Share on other sites More sharing options...
Popular Post lordblackader Posted January 24, 2022 Popular Post Share Posted January 24, 2022 Where's the high unemployment? Isn't the official figure around 2%? 2 7 Link to comment Share on other sites More sharing options...
Popular Post HAPPYNUFF Posted January 24, 2022 Popular Post Share Posted January 24, 2022 How this government calculates the unemployment rate is beyond me. There is no social security for the greater number of the population, so how can an unemployed person register as such. Oh, I forgot,, they get their figures from the Tourism Authority... 2 2 Link to comment Share on other sites More sharing options...
John Drake Posted January 24, 2022 Share Posted January 24, 2022 Does Thailand have a tiered level surcharge on electrical rates? Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted January 24, 2022 Popular Post Share Posted January 24, 2022 6 hours ago, lordblackader said: Where's the high unemployment? Isn't the official figure around 2%? That's the official figure, my guess is add a zero. 5 Link to comment Share on other sites More sharing options...
Caldera Posted January 24, 2022 Share Posted January 24, 2022 I'd say it has already started. Worldwide supply chain issues and the risk of further Covid waves won't help. Link to comment Share on other sites More sharing options...
Eric Loh Posted January 24, 2022 Share Posted January 24, 2022 Stagnation is a prolonged period of slow economic growth. Thailand has yet to reach that stage. Thailand still have some tools in the box and can be deployed to add liquidity to the economy. Moreover there are case for Covid optimism. 1 Link to comment Share on other sites More sharing options...
zyphodb Posted January 24, 2022 Share Posted January 24, 2022 2 hours ago, hotchilli said: That's the official figure, my guess is add a zero. At least... 2 Link to comment Share on other sites More sharing options...
zyphodb Posted January 24, 2022 Share Posted January 24, 2022 41 minutes ago, Eric Loh said: Stagnation is a prolonged period of slow economic growth. Thailand has yet to reach that stage. Thailand still have some tools in the box and can be deployed to add liquidity to the economy. Moreover there are case for Covid optimism. Like what exactly? billionaires putting their hands in their pockets? can't see that happening myself. 1 Link to comment Share on other sites More sharing options...
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