Hyperinflation is a critical risk for the country's economy this year, driven by surging prices of imported fuels, a shortage of agricultural raw materials and electronic components as well as higher cost of transport, according to conglomerate Charoen Pokphand Group (CP).
Suphachai Chearavanont, chief executive of CP, said the global economy is expected to grow 4.1% in 2022, lower than the previous prediction of 4.9%, while Thailand is forecast to register a 3.9% gain.
