Oil still boss as Thailand’s economy faces a return to 1970s stagflation over the ongoing Ukraine war
Thai Examiner - Thailand's news for foreigners por Thai Examiner
Notas del episodio
On Tuesday, following a tense cabinet meeting, the Prime Minister pleaded with the public to cut back on the use of cars and air conditioning. He asked people to make sure to switch off the lights at home or at the office. This was followed by a meeting of a key committee to decide whether Thailand’s strategic oil reserves should be extended and how the kingdom can keep its Oil Fund running to keep the price of oil and energy stable while preventing a shortage of supplies. The government is being warned that anything short of swift and decisive action could see uncontrolled inflation take hold after it was confirmed that February’s headline rate came in significantly higher than expected at 5.28%.
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Palabras clave
stagflation thailandoil crisis thailandoil prices thailand ukraine waroil fund thailand