The significant and heavy impact of the war in Ukraine is hitting Thailand hard as it also challenges economies across the world as inflation bites the less well off with anaemic growth. All eyes over the coming months will be on Thailand’s current account after it posted a larger deficit of $3.7 billion for May ahead of a $3.1 billion shortfall in April. The problem for the kingdom is elevated import costs driven by oil prices in excess of $100 a barrel and a foreign tourism industry that, at best this year, will only see 25% of the numbers seen in 2019 crippling the country’s already limited prospects for significant growth.

https://www.thaiexaminer.com/thai-news-foreigners/2022/07/07 ...