Bangkok: The Cabinet has instructed the National Economic and Social Development Council (NESDC) to assess scenarios for the Thai economy in the event of war. Sources from the Government House revealed that at today's Cabinet meeting, the Center for Monitoring and Evaluating the Conflict in the Middle East was assigned, with the NESDC as the lead agency, in collaboration with the Ministry of Energy, the Ministry of Commerce, the Ministry of Agriculture, the Budget Bureau, and the Bank of Thailand, to assess the impact of the conflict in the Middle East on the Thai economy before reporting back to the Cabinet meeting.
According to Thai News Agency, the meeting tasked all agencies with preparing detailed scenarios regarding the impact on economic variables. These include how specific oil price levels could influence inflation or the overall economy. The information will be presented again to develop measures to address the situation, as stated by a source.