Despite growth prospects, the Thai economy still has to brave a spate of risk factors such as high inflation, soaring energy prices, persistent Covid-19 outbreaks and relatively hefty household debt, says Deputy Prime Minister Supattanapong Punmeechaow.
According to Mr Supattanapong, rising inflationary pressure driven by recovering global demand and the escalating conflict in Europe may affect global energy prices. This uptick in prices may pose a short-term risk to the country’s economic growth, he said.
“The government is crossing its fingers that the international conflict should not escalate,” said Mr Supattanapong.
“All responsible state agencies are closely monitoring this issue.”
However, he insisted the government has prepared…
