Policymakers must adopt a balanced, country-specific approach to navigate potential inflationary pressures, exchange rate volatility, and capital inflow dynamics, according to Matteo Lanzafame, Principal Economist at the Macroeconomics Research Division under the Asian Development Bank (ADB)’s Economic Research and Development Impact Department.
Thailand's economic expansion accelerated in the second quarter on the back of stronger consumption, tourism, and exports, but analysts said policy uncertainty following a change in government clouds the outlook.
The price of SJC gold bars rose to nearly 81 million VND (3,266 USD) per tael (one tael is equivalent to 1.33 ounces) in the last trading session of the first quarter (March 30), up 8% from the outset of the quarter.
The likelihood of a soft landing of the US economy and the possibility that the Federal Reserve (Fed) will begin cutting interest rates which may drive the USD downward in 2024 will ease the inflationary pressure on the Vietnamese economy, according to experts.
Though enterprises and individuals need the Government’s large economic recovery packages to rebound from the pandemic, the Government should consider limiting the participation of commercial banks in the packages to help them avoid bad debt risks, experts suggest.
Incomplete statistics show that businesses have enjoyed cuts of at least 100 trillion VND (4.25 billion USD) to support them amid the COVID-19 pandemic.
