Global issues and inflation put a damper on Thai economic recovery
The Thai economy is entering a “parallel universe” marked by deglobalisation, geopolitical conflict, high inflation, and rising interest rates, KKP Research said on Wednesday.
KKP Research chief economist Pipat Luengnaruemitchai said these factors are a challenge to the global and Thai economies both in the short and long terms.
He said the economy will gradually recover from a low base, adding that the global gross domestic product is expected to grow at 3.3 per cent as domestic consumption and investment start to return to normal.
The Nation Reporter
