Bangkok, Krung Thai Bank Reveals that the Thai economy still faces risks. The recovery is not comprehensive. Digital Wallet is expected to help replenish purchasing power. Krungthai COMPASS Krung Thai Bank released an analysis that The Thai economy has recently been faced with growth that has been continuously below its potential. from the slowdown of the economies of trading partners and domestic purchasing power which has not yet fully recovered. To support the recovery of fragile domestic demand, the Digital Wallet project, which is expected to begin transferring funds to project participants in the 4th quarter of 2024, is one of the tools that will help support economic expansion in the near term. page to have continuity The Digital Wallet project is considered a quick-win measure to drive domestic demand to recover more broadly. It also helps stimulate confidence in Thailand's economic expansion. Krungthai COMPASS views that the Digital wallet project can be further developed to help transition more of the informal economy into the formal system. In a situation where Thailand's informal economy is still as large as 48.4 percent of GDP, including the expansion towards a Data driven economy and Digital economy at a more full level. Source: Thai News Agency