![](https://i.imgur.com/CLvY2jA.png")
02-04-2022, 10:39 PM
https://www.bangkokpost.com/business/228...ai-economy
SCB sees stagflation for Thai economy
Thailand's economy has gone into stagflation because of a fragile recovery and surging price hikes, says an economist at the Economic Intelligence Center (EIC), a research unit under Siam Commercial Bank (SCB).
The EIC downgraded its 2022 economic growth forecast for Thailand to 2.7% from 3.2%. The revision was attributed to the Russia-Ukraine war, which sent energy and commodity prices soaring.
Thailand's annual average headline inflation rate is expected to jump to a 14-year high of 4.9% this year, rising significantly from a previous forecast of 1.6%, said Yunyong Thaicharoen, SCB's chief wholesale banking officer and an economist at the EIC.
SCB sees stagflation for Thai economy
Thailand's economy has gone into stagflation because of a fragile recovery and surging price hikes, says an economist at the Economic Intelligence Center (EIC), a research unit under Siam Commercial Bank (SCB).
The EIC downgraded its 2022 economic growth forecast for Thailand to 2.7% from 3.2%. The revision was attributed to the Russia-Ukraine war, which sent energy and commodity prices soaring.
Thailand's annual average headline inflation rate is expected to jump to a 14-year high of 4.9% this year, rising significantly from a previous forecast of 1.6%, said Yunyong Thaicharoen, SCB's chief wholesale banking officer and an economist at the EIC.
