Published by
The Bangkok Post
The Bangkok Post
SCB sees stagflation for Thailand economy War, inflation make for fragile recovery Thailand’s economy has gone into stagflation because of a fragile recovery and surging price hikes, says an economist at the Economic Intelligence Center (EIC), a research unit under Siam Commercial Bank (SCB). The EIC downgraded its 2022 economic growth forecast for Thailand to 2.7% from 3.2%. The revision was attributed to the Russia-Ukraine war, which sent energy and commodity prices soaring. Thailand’s annual average headline inflation rate is expected to jump to a 14-year high of 4.9% this year, rising sign…
