The Federation of Thai Capital Market Organizations (Fetco) predicts that global and domestic inflation will begin to fall this year, while global interest rates will peak next year and start to decline in 2024.
Thailand should avoid a recession because of its strong recovery in tourism, though the International Monetary Fund (IMF) expects 25% of emerging markets to face an economic and financial crisis in 1-2 years, according to Kobsak Pootrakool, chairman of Fetco and senior executive vice-president at Bangkok Bank.
He said volatility in both money markets and stock markets will continue because a recession will begin next year.
