Will negative inflation continue in Thailand in 2024?
Will negative inflation continue in Thailand in 2024?
Most forecasts suggest deflation will ease gradually by mid-2024, with inflation returning to low positive levels (around 1-2%) due to expected tourism recovery, government stimulus, and stabilizing global prices. However, risks from geopolitical tensions or slower growth could prolong negative rates.
What are the causes of negative inflation in Thailand?
The primary causes include:
- Global price drops: Reductions in oil and raw material costs lower production expenses.
- Demand weakness: Lingering impacts from COVID-19 have dampened spending and tourism.
- Currency strength: The baht's appreciation reduces import costs, feeding into domestic prices.
- Policy effects: Government interventions, such as energy subsidies, directly lower consumer prices.
- Supply-side factors: Technological improvements in agriculture and manufacturing boost efficiency, increasing supply.
Is negative inflation a sign of economic recession in Thailand?
Not necessarily; while negative inflation can precede or accompany recessions, it doesn't always indicate one. In Thailand's case, deflation stems partly from supply-side factors (e.g., cheap imports), so it may not signal a full recession if other indicators like GDP growth remain stable. However, prolonged deflation could trigger a downturn if demand continues to weaken.
Will Robin Gosens join Manchester United in the future?
Potential moves are speculative:
- Factors: United's needs, Gosens' form at Union Berlin, and contractual situations (e.g., contract expiry in 2026).
- Likelihood: Low probability due to age and club strategies; focus remains on current Bundesliga commitments.
How many shares will I get if allotted in NSDL IPO?
The number of shares depends on IPO oversubscription and lottery system. Retail investors typically get 1 lot if allotted, as per SEBI regulations.
What is the historical context of inflation in Thailand?
Thailand has experienced moderate inflation over decades, averaging 2-4% annually pre-pandemic, driven by growth and policy. Historical deflation episodes were rare (e.g., during the 1997 Asian financial crisis). Current trends mirror global shocks like the 2008 crisis, but proactive measures now help mitigate risks.
How does Thailand's negative inflation compare to other Southea
Thailand's deflation is more pronounced than in neighbors like Vietnam or Indonesia, where inflation remains positive but low (around 2-3%). Factors like Thailand's higher exposure to tourism downturns and currency fluctuations explain the difference. Regionally, weak global demand affects all, but countries with robust domestic markets (e.g., Indonesia) resist deflation better.