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Thai economy expected to be affected by global turbulence for 2 more years


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Photo by Lillian SUWANRUMPHA / AFP

 

Thailand’s economy will be affected by global economic turbulence, which may for last two years, during which growth in Thai exports will contract while domestic inflation will increase, said Kobsak Pootrakool, former Prime Minister’s Office Minister and, currently, senior executive vice president of the Bangkok Bank.

 

Speaking about “Economic Turbulence 2022 and How to Cope with It”, he said that all countries must be prepared to cope with the consequences of international geo-political conflicts, energy and food crises, turbulence in global capital and financial markets and an economic slowdown in China.

 

These will impact emerging markets and the economy of Thailand for the next 1-2 years and will slow Thai exportgrowth, which recorded a 20% increase last year.

 

Full story: https://www.thaipbsworld.com/thai-economy-expected-to-be-affected-by-global-turbulence-for-2-more-years/

 

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-- © Copyright Thai PBS 2022-07-25
 

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2 hours ago, mrfill said:

Getting in early with the 'it's somebody else's fault' plan.....

Thailand is a small economy which is dependent on export and tourism which is about 60% and 7% of GDP respectively. Global dynamics have major impact not just Thailand but other small economies in the region. 

Edited by Eric Loh
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2 hours ago, mrfill said:

Getting in early with the 'it's somebody else's fault' plan.....

Scapegoating is common behaviour in times of crisis and uncertainty... 

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