We assume that Russian gas flows to Europe via the Nord Stream 1 pipeline will fluctuate between zero and 20% capacity in the coming months, resulting in a recession in Europe in the winter of 2022/23. We expect Hungary, the Czech Republic, and Slovakia to take the biggest economic hit. Not only will they experience gas shortages, but they are also highly exposed to recession in Germany given strong supply-chain links. Germany, Austria, and Italy will face gas shortages. We expect rationing in the German industrial sector to have region-wide spillover effects. Elsewhere in the EU, the main impact will come through high energy prices, falling confidence, and weak external trade. The Baltic states and Bulgaria are particularly exposed. Problems in its nuclear sector make France’s position more precarious than might have been expected. Next year, Europe will struggle to restock its gas storage without flowing from Russia. The winter of 2023/24 will therefore also be challenging. We expect high inflation and sluggish growth until at least 2024.           Russia’s aim has been to make a

          The impact of the depreciation of the baht using the macroeconomic model If the baht depreciates by 5%, the real gross domestic product (RGDP) would expand by 0.40%, mentioned Mr. Thongchai Chavalitpichet, Director of NESDB. Fitch Ratings-Bangkok-22 June 2022 stated Thailand’s economic recovery is strengthening, although rising inflationary pressures and slower global growth pose risks to the near-term rebound, according to Fitch Ratings’ analysts at its 2022 Thailand Sovereign and Bank Outlook Webinar. However, the continuing Russia-Ukraine war is a key risk factor exacerbating uncertainties for the economy, money markets, the inflation rate, and energy prices worldwide. There seems Inflation has risen and is likely to increase further. Depreciation is a method used to allocate a portion of an asset’s cost to periods in which the tangible assets helped generate revenue. Following the Ceicdata report, The Gross Domestic Product (GDP) in Thailand expanded 2.2 % Year-on-Year in Mar 2022, following a growth of 1.6 % in the previous quarter.           The central bank has indicated that the baht’s depreciation could impact

          Thailand will allow foreigners to own land for residential use, a government official said Friday, as it seeks to boost its economy by attracting new foreign residents from overseas at great expense. Thailand has for decades been a popular destination for expatriates to retire, but land ownership by foreigners has been restricted. For now subject to cabinet approval, foreigners will be allowed to own up to 1 rai (0.16 hectares) from September this year, provided they can invest 40 million baht (about $1.09 million) in property in Thailand, and also in Thai funds over three years, the government spokesman said.           The Thai government is also interested in attracting more skilled workers and retirees and the proposal would include some tax benefits and a 10-year visa. The plan, which would be reviewed after five years, aims to add 1 trillion baht ($27.25 billion) to the economy and boost investment by 800 billion baht, the Thai government spokesman, Thanakorn Wangboonkongchana said. The government expects the economy to grow 3.5% this year and