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Economists warn high oil prices could push Thailand towards stagflation, squeeze purchasing power
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Economists warn high oil prices could push Thailand towards stagflation, squeeze purchasing power
Experts say prolonged Middle East tensions could keep oil prices high, lifting inflation and slowing growth. SCB EIC has cut its Thailand growth forecast to 1.4% in the base case, while CIMB Thai warns inflation moving above 2% is a danger point.
·Bangkok, Thailand
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