Global economy rebounds, but for how long?

13 Sept 23:55 Key points summarised by AI

The global economy's 2021 rebound from the pandemic is now threatened by soaring inflation, persistent supply chain bottlenecks, and the resurgence of new coronavirus variants like Omicron.
Recovery remains uneven, with wealthier nations progressing faster due to vaccine access, while emerging economies lag, facing challenges like rising interest rates and China's multi-faceted risks (COVID-19, energy, Evergrande debt).
Inflation has accelerated to multi-year highs globally, driven by strong consumer demand and widespread shortages across industries, from raw materials to critical components like semiconductors, impacting production.
Beyond the pandemic, climate change presents another significant economic risk, with droughts and other catastrophes threatening to further drive up food prices, which have already reached a 10-year high.

New home loan scheme aims to boost property sector with Bt125 billion

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.