Analysts are bullish on the Thai stock market's prospects in 2023 after China announced the country's reopening in January, while cryptocurrency is likely to remain volatile in the first six months, perhaps improving in the latter half when inflation eases.
For crypto investors, 2022 was a lost year, with many crypto prices plunging by between 70% and 90% since the end of last year. The market is likely to fluctuate in 2023, with investors urging advocates to hold cash until a clearer direction becomes evident.
Given the negative factors in the macroeconomy, liquidity in the world market declined following several consecutive interest rate hikes in the US. The Federal Reserve's policy rate is now 4.5% and it is expected to peak at around 5% to 5.5% in the first half of 2023.
