Explore the latest “inflation” in each country. How much has risen? What country faces the most problems? What are the risk factors? Ready to keep an eye on the Thai economy in the second half of the year encounter various risk factors In particular, inflation seems to have continued to rise throughout the year.
inflation situation become a big problem in many countries around the world After falling into a high inflation from continued rising oil prices which occurred after the global economic slowdown and the Russian-Ukrainian problem The analysts decided to go in the same direction that it would be a long term.
Information about the upcoming inflation. And is rising at the present, most recently, “Dr.Kobsak Pootrakool”, chairman of the Federation of Thai Capital Market Organizations (FETCO), stated that during this time, inflation in various countries rose to a record high in more than 40 years. Inflation was 9.1%, US 8.6% and Germany 7.9%.
At the same time, from the statistics of countries that are facing the highest inflation problem now. That is, inflation is about 30% or more.
such as
Lebanon 211%
Venezuela 167%
Turkey 73.5%
Argentina 60.7%
Iran 39.3%
Sri Lanka 39.1%
Ethiopia 37.7%
In a country with such high inflation, the hardship is the people who have to bear the burden of ever-rising prices of goods. Even if the economy continues to grow But everyone’s income will be eroded by the resulting inflation. Salary available at the end of the year will reduce the amount of purchases. especially Lebanon Less than half of what was bought at the beginning of the year is a nightmare that central banks don’t want to happen.
While many of Asia’s leading economies are also facing inflation. like south korea As of May 2022, inflation is up 5.4%, the biggest jump in 14 years.
same as Singapore Inflation hit 5.6%, up 5.4% from the previous month, while Japan inflation stayed above 2% last May at 2.5%.
As for Thailand itself, in the past, the Office of Trade Policy and Strategy Ministry of Commerce It reported headline inflation in May 2022, showing a 7.10% growth, the highest in 14 years since July 2008, which had previously reached 9.20%.
This was due to a 37.24% rise in energy prices, coupled with measures to alleviate the burden of the government’s cost of living. Many projects have ended Both help with electricity bills and cooking gas This led to a 45.43% increase in electricity costs and an 8% increase in cooking gas.
As for the Thai economy in the second half of 2022, it will have to deal with the main challenges as follows:
– Inflation hits 10% pressure on consumption
– The baht weakened past 36.00 baht per US dollar if the Fed continued to raise interest rates strongly.
– Thai politics is unstable As a result, investors delayed new projects.
– The conflict in Europe is intensifying. boosting oil prices
– The United States is at risk of an early recession. But inflation is still high Fed must raise interest rates even as unemployment rises
– China has to lockdown again after the coronavirus outbreak in many cities. As a result, the Chinese economy has slowed down heavily, affecting Thai exports.
