this global economic crisis The world’s leading economists and financial organizations are worried that it will be a “Great Storm” or Perfect Storm. The global economic situation has deteriorated into a “recession”. It is imperative that all governments must prepare a countermeasure Russia-Ukrainian War Leads to Energy Crisis causing the price of crude oil to rise This puts pressure on inflation in many countries. Affecting purchasing power and continually affecting world trade in the second half of the year, causing many parties to worry about the overall picture of Thai exports that may slow down. from the economic slowdown of trading partners, including the United States, the European Union (EU) and China, which are important export markets of Thailand.
After the Federal Reserve (Fed) issued a statement after the Monetary Policy Committee meeting. (FOMC) last week. It identified signs of slowing spending and production. Despite the huge increase in employment numbers in the past few months and the unemployment rate is still low. If inflation continues to accelerate reflects the imbalance between supply and demand. as a result of the epidemic higher energy prices and widespread price pressures, while the US economy has already entered a technical recession. After the US GDP in the second quarter of 2022 contracted 0.9%, which is the second consecutive quarter of contraction, many people are worried. And keep an eye out for signs of economic recession in other countries as well.
The war in Ukraine and other events related It plays a key role in increasing inflationary pressures. Inflation in many countries of the world is hitting the livelihoods of people in that country. Especially Americans who are now facing record-breaking inflation. As a result, almost half of Americans bear huge debts. Because they have to borrow money to use in everyday life, while Indonesia has this problem as well. Indonesia’s central bank said The country’s inflation rate soared to a seven-year high, reaching 4.94 percent in July, much higher than the target range.
An economic storm that rolls together as a Perfect Storm will make the trade and financial economy much worse. Thailand must be ready Especially the export sector because it is the artery of Thailand, of course, more or less affected. A weak baht may help some. But if the Thai baht fluctuates a lot, people will not dare to invest. and if the world economy is not good The world’s demand for products will deteriorate. impact on the tourism sector which is another main mechanism driving the Thai economy The government must not be careless Policy-level economic team Financial mechanisms must be prepared. and find solutions to prevent the crisis from eroding and destroying the Thai economy further.
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