Thailand’s New Hope is a common emerging market story

There is reason for optimism in Thailand’s recovery from Covid. But comments from the country’s central bank governor and finance minister underscore one of the central challenges for officials in countries like this: that so much is out of their hands.

There was a Star Wars theme to today’s (August 24) annual Thailand economic and capital markets conference, Thailand Focus 2022. “The New Hope” ran in strident blue capital letters at the back of the Bangkok stage, white lights rising behind it from the city skyline towards a darkened sky.

Hope has been a key part of the arsenal of finance ministers and central bank governors lately, and the Thai event presented a useful case study of the challenges that people in these positions are facing across the emerging world.

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