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Bangkok Post
Bangkok Post
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UNBELIEVABLE: Why we face economic contraction | History Defined

Motorists queue up at a Caltex petrol station in Chiang Rai, following import disruptions caused by the Middle East war, in this file photo dated March 17. (Photo: AFP)

I have a monumental task: convincing readers that Thailand's economy is performing poorly and is likely to contract this year.

My strongest evidence is not the abundance of statistics or economic theories at my disposal. It is far simpler: people are spending much more on energy and, inevitably, less on everything else.

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