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Santitarn highlights 3 economic vulnerabilities via IMF signals

Santitarn highlights 3 economic vulnerabilities via IMF signals

Matichon•Economy•17m ago

Reader Briefing

Santitarn Sathirathai identifies three economic vulnerabilities and a shift toward a fragmented world during a Prachachat 50th Anniversary seminar.

  • •Santitarn Sathirathai spoke at the Thailand 2027 #Adjust-Change-GoForward ep2 seminar on November 12 at Pullman King Power Hotel, Bangkok.
  • •The discussion centered on signals from the IMF-World Bank Group Annual Meetings 2026, for which Thailand is the host.
  • •Three global economic vulnerabilities were identified: thin buffers, overlapping storms, and one-legged carry.

Overview

  • •Santitarn Sathirathai stated that the Thai economy is at a critical transition point due to global situations and internal economic structures.
  • •Santitarn Sathirathai identified 'thin buffers' as a vulnerability, noting the International Monetary Fund warned that global fiscal policy space is decreasing as public debt may exceed 100% of global GDP by 2029.
  • •Santitarn Sathirathai noted Thailand's 10-year government bond yield is approximately 2.09% or 2.1%, which is lower than that of Japan, Singapore, the US, and several neighboring countries.
  • •Santitarn Sathirathai described 'overlapping storms' as the combined impact of an ongoing energy crisis and rising interest rates, which may make government borrowing more difficult.
  • •Santitarn Sathirathai defined 'one-legged carry' as the global economy's heavy reliance on AI investment (All in AI) while the integration of AI to increase productivity (AI in All) remains limited to some sectors.
  • •Santitarn Sathirathai observed a shift toward a 'Fragmented World' where 'Trusted Connectors'—countries serving as bridges between regions—have an opportunity to play a major role.
  • •Santitarn Sathirathai stated that some foreign investors are expanding investment in Thailand to diversify risk, moving away from concentrating supply chains in only the lowest-cost countries.

Full article content is available on the original source.

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Source: Matichon (Original)

Key Entities

Person

Santitarn Sathirathai(สันติธาร เสถียรไทย)
Assistant Minister to the Minister of Finance who delivered a keynote speech at a Prachachat seminar.

Organization

Prachachat Turakij(ประชาชาติธุรกิจ)
The organizer of the Thailand 2027 #Adjust-Change-GoForward ep2 seminar.
Matichon Group(เครือมติชน)
The organization celebrating its 50th anniversary by organizing the seminar.
Ministry of Finance(กระทรวงการคลัง)ℹ️
The ministry where Santitarn Sathirathai serves as Assistant Minister to the Minister.
International Monetary Fund(กองทุนการเงินระหว่างประเทศ)ℹ️
An organization that warned about the decrease in global fiscal policy space.

Place

Pullman King Power Hotel(โรงแรมพูลแมน คิง เพาเวอร์)
The venue in Bangkok where the seminar was held on November 12.
United States(สหรัฐอเมริกา)ℹ️
A large developed country noted for having increased fiscal vulnerability.
United Kingdom(สหราชอาณาจักร)ℹ️
A large developed country noted for having increased fiscal vulnerability.
France(ฝรั่งเศส)ℹ️
A large developed country noted for having increased fiscal vulnerability.
Japan(ญี่ปุ่น)ℹ️
A country with a 10-year government bond yield higher than Thailand's.
Singapore(สิงคโปร์)ℹ️
A country with a 10-year government bond yield higher than Thailand's.
South Korea(เกาหลีใต้)ℹ️
A country in the AI supply chain with a trend toward better-than-expected growth.
Taiwan(ไต้หวัน)ℹ️
A country in the AI supply chain with a trend toward better-than-expected growth.
Thailand(ไทย)ℹ️
The host of the IMF-World Bank Group Annual Meetings 2026 and a country in the AI supply chain.