Showing 1 - 9 of 9
Govt, BoT spat may not be economic
Oped, Chartchai Parasuk, Published on 09/05/2024
» The row between the government and the Bank of Thailand (BoT) over its "high" interest rate is all over the news. Many have started questioning the appropriateness of the central bank's independence.
Will foreign investors still be wooed?
Oped, Chartchai Parasuk, Published on 28/12/2023
» This is my last article for 2023. Appropriately, I should write about the 2024 economic outlook but I have decided to postpone that to be the first article of 2024 as the analysis might be too unpleasant to digest right now. However, I will leave a "teaser" for readers to ponder over during the long holidays. As such, I am left with two choices: an article about informal debt -- I estimate outstanding debt to be over 400 billion baht and that it could have strong ties with grey money -- or an article about Thailand's ability to attract foreign investors, as our Prime Minister Srettha Thavisin travels all over the world to attract them. In the end, I opted for the latter.
When times get tough, Thais party
News, Chartchai Parasuk, Published on 07/09/2023
» Today's article is far from being sarcastic towards or mocking Thais. On the contrary, it explains the current weakness of the economy and, more importantly, the serious implications for the effectiveness of the government's economic stimulus packages. So, this article is recommended reading for the new economic team.
Pheu Thai's giveaway might just work
Oped, Chartchai Parasuk, Published on 20/04/2023
» If one plans to read only one economic analysis article for this year, this is it.
Changing Thailand: a series (prologue)
Oped, Chartchai Parasuk, Published on 23/02/2023
» Before I start talking economic jargon filled with figures, let me explain Thailand's economic situation in plain language.
World economy downhill from here
Oped, Chartchai Parasuk, Published on 17/11/2022
» When I planned for this week's article, I wanted to write about the illusions of today's economic picture such as the robust GDP growth in emerging economies, declining inflation rates, booming travel business, strengthening of the Thai baht, and so on. But even with the economic data and theories to back up my claims, who would believe me? Who would believe that the current robust demand is nothing but an example of short-term, pent-up demand after two years of the Covid-19 outbreak? Who would consider the fact that consumers have no increased purchasing power to sustain today's level of consumption? Most of all, who would imagine that things would change drastically in the fourth quarter after consumers face the reality of a higher cost of living and stagnant income?
Opinion: Thai reserves are quickly depleting
News, Chartchai Parasuk, Published on 08/09/2022
» Thailand's international reserves made headlines in mid-July when they fell US$3.3 billion in a single week.
How to save country when it's broke
Oped, Chartchai Parasuk, Published on 05/08/2021
» This is not really a good time for economists and/or economic research institutions to make GDP growth projections for Thailand as the Covid-19 pandemic is far from settling down. Unstable economic conditions have caused a well-known research institute to revise its 2021 growth projections five times already.
Economy faces 4 key hurdles this year
News, Chartchai Parasuk, Published on 01/08/2019
» The first half of 2019 has already passed and it is a well-known fact that the Thai economy is not in good shape. GDP growth has plummeted from 3.7% in the last quarter of 2018 to 2.8% in the first quarter of this year. Although second-quarter GDP growth will be officially announced soon, raw economic data from April to June indicates a weaker second quarter, particularly in the areas of exports and tourism.