The Bank of Thailand estimates the global economy will slow down next year, but not dip into recession amid attempts by central banks worldwide to contain higher inflation rates.
The central bank's assistant governor for monetary policy group, Piti Disyatat, said in an analyst meeting on Monday the global economy is expected to show clearer signs of a slowdown in 2023, led by key Western economies, especially the US and Europe, which are suffering from rising inflation rates and the Russia-Ukraine war.
