0 sats \ 1 reply \ @020996c305 OP 3 Oct 2023 \ parent \ on: Thoughts on the Thai Government's announcement of a consumption stimulus scheme meta
Seems the previous Thai government did something similar early in 2022. I've also found this article from early September this year about a cash hand out to all citizens, note the mention of a digital wallet.
https://www.reuters.com/world/asia-pacific/thai-govt-plans-handouts-fuel-prices-cuts-revive-economy-draft-policy-speech-2023-09-06/
A quick look at Thailand's inflation stats and compared to many places it look unbelievably low in the last few months? Do those stats have anything to do with the new government that won the election in May? 🤔https://tradingeconomics.com/thailand/inflation-cpi
Might make sense to look at the feasibility of bitcoin mining there if there electricity prices are kept low.
Yeah something doesn't add up, they don't really have the highest debt-to-GDP ratio at like 53% so their debt burdens can't be driving the deflation that much, might be how they decide on their basket or something, found this world bank article about it
I know they were heavily reliant on tourism, which got crushed and never really hit the heights of prior to 2019, so that capital drying up could still have been working through the system as markets adjusted
But I am really thumb-sucking at this point,
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