Good economic news, test now is how to emerge from stagflation with large price shock looming
All to play for as the economy looks set to achieve significant growth this year. The key variable is the price of oil which has actually fallen in the last month. Inflation and loss of customer purchasing power currently represent the biggest threat to the government’s careful management of the economy. It comes from the danger of a possible price shock in June or July. The official position, however, is that inflation will still moderate in the latter half of the year and will end 2022 at 4.9%, well ahead of current growth prospects but even this may change in a very volatile situation with both an upside and downside. https://www.thaiexaminer.com/thai-news-foreigners/2022/04/23/good-economic-news-but-price-shock-looming/ Joseph O' Connor reports from Bangkok.