‘Magic’ is not afraid of the global economic recession Believe that Thailand can still recover continuously.

‘Magic’ is not afraid of the global economic recession Believe that Thailand can still recover continuously.

on October 10 Mr. Arkhom Termpittayapaisith Minister of Finance revealed that on October 11, he will travel to the 2022 World Bank and International Monetary Fund (IMF) meeting in Washington, D.C., USA. There will be discussions on economic management during the post-COVID period. on measures to help during the rising oil and food prices which the government has already taken measures This is in line with the World Bank and the IMF’s focus on providing assistance to target groups.

And the other thing is to monitor the global economic situation. Because this time, the World Bank and the IMF have re-evaluated the economy. As you know The United States has adjusted its global economic growth targets. And the United States itself has also increased the policy interest rate. to reduce inflation pressures This may give the economy a chance to slow down.

As for the long-term economic management, it will be a matter of Climate change and oil price situation and food security is an issue The World Bank attaches great importance to and allow member countries to prepare

for the global economic recession As for the Thai economy It’s a gradual recovery. by Thai income from the tourism sector, the export sector, and the domestic consumption sector. which are the three main factors causing a gradual recovery by the global economic recession May not affect Thailand very much, so be confident that it can continue to support the Thai economy

“Thailand is the first country to open tourism. after covid which has a better recovery sequentially Including people who have held back for a long time and Thailand is a popular destination for foreigners. ensuring that the recovery of the Thai economy will be stable The monetary and fiscal policy are already coordinated. The Bank of Thailand and the Treasury also attach great importance to sustainable economic recovery,” said Arkhom.

Mr Arkhom said that as to whether there will be additional stimulus measures in late 2022 or not, it must be assessed whether economic indicators that there is a weakness and how to harden which must monitor the situation and wait to follow

for the case The Government Gazette announces the Royal Decree for the Treasury to guarantee payment of debt. Office of the Fuel Fund, Mr. Arkhom said that it would follow the plan of Office of the Fuel Fund No matter how much to borrow, the fund must manage to make a loan plan. and manage the financial situation to the most benefit. it doesn’t mean Must borrow all 150 billion baht at once Because some of the oil prices have dropped during this period.

Mr Arkhom said that while the matter of the flood Then the government must issue measures to help or not. We have to wait for the situation to resolve and all the waters recede first. therefore assessing how to heal which this flood It affects some agricultural areas.