Anusorn Thammajai pointed out that the Thai economy is at risk of slowing down, low growth, inflation, warning of rising food prices.
Assoc. Prof. Dr. Anusorn Thammajai, former director of the Bank of Thailand And the former dean of the Faculty of Economics, Rangsit University, revealed that the signs of stagflation are becoming clearer. There is a greater risk that the Thai economy may face stagflation, i.e. the economic slowdown, low growth and a sharp rise in inflation. What most people are facing right now is Slowing income, flooding debt, rising cost of living And also unemployed or working at a low level no need that the Bank of Thailand has to speed up its monetary austerity policy or raising the policy rate due to an increase in inflation because the output gap of the Thai economy is still quite negative. There is a large amount of excess production capacity left.
use of monetary policy and relaxed fiscal practices are essential to sustaining employment recovery. and the improvement of economic activity Rising inflation is a major supply-side problem. Energy prices rose, baht depreciated and food prices rose from drought in agricultural areas. While previously flooded agricultural areas. damaged reflecting the inability to manage the entire water system and no serious investment in irrigation system Recently, an epidemic in pigs has aggravated the situation. This causes the pork in the market to be lower and more expensive, but this may be an opportunity for the product category. Plant-based meat or plant-based food and meat that can be substituted.
However, for meat or food made from plants, this is hot. And it should be a big industrial business in the future. It is a food that promotes health. reduce animal killing and other living things raise the level of morality Consumers now have many dietary choices. Previously, there was a trend of people who did not eat meat. vegetarian Or a Vegan group that opposes all animal life violations, he believes that Plant-based Food will not just be a niche market or Niche Market is a big trend. The mega trend of the food industry in the future will come to disrupt and change the livestock industry. and the whole food business for sure Although now the meat Or food made from plants will be expensive. When manufacturers adjust to consumer behavior, prices will gradually decrease in the future.
The prices of some industrial products rose due to the shortage of raw materials. delivery system disruption and rising freight rates still persist Some of the problems were caused by the halt of the factory’s production. There has been a disruption in the logistics delivery system. However, stagflation in the Thai economy may occur when inflation accelerates after March. Thailand may face severe drought causing damage to the farmland and in some areas there is no farming due to lack of water. Food prices, a key component of inflation, will skyrocket. If the economy does not recover clearly during the second quarter, Thailand will definitely have a stagflation. In order not to have a lockdown and be able to return to open the country fully The tourism sector will improve.
There are currently no signs of Excess Demand in the manufacturing economy. Gross demand has only slightly improved. This was mainly a result of fiscal measures to stimulate consumption and expenditure. It was not caused by the increased income of the household sector, the business sector much. The bubble was created in the financial markets by the digital asset market. Please be careful of bubbles. and can negatively affect the investment and financial sectors. Excess supply conditions still exist in most products. except agricultural products Some agricultural products have the opposite situation, namely supply shocks due to the swine epidemic. expensive pork Vegetables and fruits are expensive due to water scarcity in many areas. In the past, the government has made very little investment in improving the irrigation system. The expensive food prices like this do not benefit the farmers in any way.
Assoc. Prof. Dr. Anusorn Thammajai concluded that The use of cost-effective blue flag product measures or use the budget to buy pork or agricultural crops and then sell them to the public It is a solution to a specific problem. It helps to alleviate very little problems. And there will also be a channel of fraud from the use of the budget. or contributing to the benefit of people in their own network So it’s not an effective method. and effectiveness as well as being a channel to take advantage of the policy The solution is to control the epidemic and increase the amount of pork entering the market or promote other products that can be used to replace pork, such as Plant-based Food, while Plant-based Food Plant can create many opportunities both business and health Help the environment of the world as well. In addition to making health and the environment has improved In business terms, it can still sell patients. or people who want to restore health as well increase body performance It has better muscle-building protein.
