Before I start the article, I would like to report that Thailand's economic performance in January 2023 was no better than the last quarter of 2022, when GDP growth was merely 1.4%.
The Manufacturing Production Index plunged 4.4%, exports (in value) declined 3.4%, and tax revenue was 18.9% lower than the same period a year before. Most concerning of all is the money supply's expansion of 3.8%, which is well below January's inflation rate of 5.02%.
