Good timing for digital wallets, coming at a time when the world economy is in a bad place.

Directory "Pichai" indicates good timing for the digital wallet project. It came out during a time when the world economy was in bad shape. Point out that there must be money from within and outside the system to stimulate. Confident that investors will have confidence after the change of government.

Mr. Pichai Naripthaphan, Advisor to the Prime Minister mention sound criticize digital projects Government Wallet said that he would like to look at the overall future of the world's economic problems that are about to get worse. and from the economic problems with China that is seen to be declining It is no different from the United States where interest rates will be raised. which will affect the whole world As for the fighting in Israel including Russia and Ukraine It will cause the price of oil to rise. Therefore, if you have a distant vision In a few months There will be problems.

“If the digital wallet project comes out at the right time during a time of global economic problems. He sees that it will help sustain the Thai economy. who would like to see the Thai economy grow by 5 percent based on economic principles, believing that If money comes in from outside, it can stimulate the economy. Therefore, some of it may be from the original budget. Some of it is money outside the budget,” Mr. Pichai said.

As for the trend of issuing a decree to borrow money to use in the digital wallet project, Mr. Pichai said that he personally doesn't know and must ask Mr. Chulaphan Amornvivat, Deputy Minister of Finance who directly oversees this project. But according to general economic principles If old money is used, it will not stimulate the economy. Money must be used from outside and inside to help. in order for the economy to recover Because using old money doesn't stimulate the need to use new money. If looking at the past 5 months, it is found that inflation in Thailand is very low. Sufficiency is 0.2-0.8 percent, which is not good. While around the world, like the United States, it grew by 3-4 percent, in Europe it grew by 5-6 percent, like England. This means that the purchasing power of Thai people is shrinking. It's like China's purchasing power is negative. This means that people do not have purchasing power. Even though the price of goods has been reduced, people do not have purchasing power. which is a problem Therefore, there must be various projects to stimulate the economy. No matter what system the money is injected into. Therefore it is necessary. Therefore, solving economic problems requires looking at the big picture. According to the principles of the Pheu Thai Party, it is to think big and act.

Mr. Pichai said that now public debt of Thailand is at 11 trillion baht, but the economy is growing. Just over 1 percent, but I believe that from now on it will be better. which the Prime Minister himself Wiring has been done. Looking for investors to invest in Thailand which is important Because in the past it was considered Investing in Thailand is not good. Exports also slowed. But now there is a better direction. Investors are interested in investing in EV electric vehicles in Thailand. At the same time, there is more confidence after the change of government. and have confidence in Mr. Settha Thavisin, the Prime Minister who comes from the business sector and has experience Therefore it is a quite good signal for investors. to come invest in Thailand Just the world economic situation may not be favorable. which must overcome the global economic situation In this situation as well However, we must keep an eye on when the world economy After recovering, how will Thailand move forward? - Thai News Agency

Source: Thai News Agency