Last month, foreign investor confidence in Thai stocks stayed strong, with the kingdom’s stock exchange recording net inflows of nearly 140 billion baht for the sixth month in a row.
International investors believe that any food shortages will have a minimal effect on the Thai economy and that the tourism sector will rebound in the second half of 2022, according to Stock Exchange of Thailand president Pakorn Peetathawatchai.
Increasing inflation, a rise in interest rates, a food shortage, and a worldwide economic downturn caused by the spread of Covid-19 and global conflicts, such as the war between Russia and Ukraine, have forced up oil and manufacturing prices, putting the world economy on standby for a recession. Many countries have already registered at least one quarter of negative growth, including the US. Two successive quarters of negative growth = a technical rescission….
