I have made several dire predictions for the Thai economy this year such as high inflation, a liquidity crisis, interest rate hikes, bank collapses, a currency run, and, of course, an economic recession.
At present, the economy is certainly not in the best of shape, but going into a crisis seems too remote to be true for most economists. In fact, many believe the economy might have already passed its lowest point as foreign tourists are returning to Thailand. Things can only get better after the Thailand Pass requirement was lifted.
