Bangkok: In a volatile world, the Thai economy needs to adjust its policies to be more "precise" than before.

According to Thai News Agency, the global economy is entering a period where uncertainty is no longer temporary but has become a permanent structure. This is due to geopolitical conflicts, technological advancements, volatile interest rates, and rapidly changing consumer behavior. In this context, the Thai economy can no longer rely on traditional drivers of growth.

Dr. Thitima Chucherd, Senior Director and Head of Macroeconomic Research at the Economic and Business Research Center (SCB EIC), views the Thai economy's outlook for the coming period as an "uneven" recovery. Some sectors are still performing well, while many others face pressure from rising costs, uneven purchasing power recovery, and long-standing structural constraints.

One of the major challenges is the country's long-term growth potential, which is likely to slow down without serious structural reforms, particularly in the areas of labor, productivity, and new investment. The Thai economy may only achieve moderate growth, even without a severe crisis.

From a macroeconomic policy perspective, the use of monetary and fiscal policies needs to be more "precise" than ever before. It's not just about stimulating the overall economy, but also focusing on addressing specific sector weaknesses and supporting vulnerable groups without creating long-term stability burdens.

At the same time, businesses must adapt to an era where high volatility is commonplace. Risk management, the use of data insights, and investment in technology will become crucial factors in maintaining competitiveness, more so than traditional quantitative expansion.

Dr. Thitima emphasized that Thailand's key challenge is not just "how to grow faster," but "how to achieve sustainable and resilient growth" in a rapidly changing world. If the country can upgrade its economic structure, coupled with developing its human resources and institutional systems, the Thai economy has the potential to endure in the long term. The global economy may never return to its former state, but Thailand can still design its own future by daring to change before being forced to do so.